Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Most businesses use petty cash accounts to fund small purchases and cover sundry expenses. Although individual petty cash transactions are usually too minor to include in the company's main balance ...

Petty cash is generally requested and used for two purposes: small purchases of approved miscellaneous expenditures and/or ‘cash drawer change’ fund activity. A separate Petty Cash Request Change form ...

Open the QuickBooks software and click the "Chart of accounts" button. Click the "Account" tab when the account interface loads. Select "New" in the pop-up menu. Select the bubble next to "Bank" ...