petty cash controls

Petty cash floats are not as prevalent because of alternatives, including purchasing cards (P-cards), automated teller machines (ATMs), debit cards, credit cards, Apple Pay and other electronic means of payment, and expense claims. Nonetheless, a significant number of organizations still maintain petty cash floats in, for instance, schools, daycares, not-for-profits (including many that work in the community or have a large client or volunteer base), small businesses, hotels, and businesses in remote locations.