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Petty Cash Policy

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Petty Cash Policy

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Basic Info

  • Applicable Region UAE
  • Available Languages
    English
    English & Arabic
  • Document No 0000647
  • Version V 1.0
  • Last Updated 01-16-2024
  • Reviews 0
Document Summary

A petty cash is an amount of money allocated for payment of small expenses related to the company such as office supplies. This policy sets the procedures and guidelines that all employees of the company must adhere to in their management and use of petty cash.

Description

A company must specify the expenses covered by the petty cash fund.

A petty cash custodian should be appointed, and he/she is generally someone from the finance department of the company. The custodian is responsible for the management of the petty cash fund.

This policy includes the following sections:

  1. Policy Statement
  2. Objectives
  3. Scope
  4. Permissible Expenses
  5. Petty Cash Custodian
  6. Limits and Changes
  7. Theft or Misuse of Petty Cash
  8. Implementation
  9. Annual Review

Jurisdiction

This document is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

  • The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
  • Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
  • Please remove the square brackets and all highlighting prior to signature.