Petty Cash Management SOP

Control small cash payments with a fixed float that always reconciles.

The full Petty Cash Management SOP (all 6 steps, 3 controls, records and measures) is one of 36 editable Word SOPs in the SOP Template Kit: $79.

Document no.

FIN-06

Department

Finance

1. Purpose

Control small cash payments with a fixed float that always reconciles.

All petty cash floats at [locations].

Role	Responsibility
Custodian	Holds the float and pays vouchers.
Finance	Reimburses and counts the float.

Step	Who	What to do
1	Custodian	Keep the float [$300] in a locked box; only the custodian holds the key.
2	Custodian	Pay only against a signed voucher with a receipt; maximum [$50] per payment.
3	Custodian	At any time, cash + vouchers must equal the float.
+ 3 more steps, 3 controls, 2 records and 1 measures in the full SOP.