Petty Cash 

Petty Cash is a small reserve of physical cash held by a business to cover minor, incidental expenses that are impractical to pay through formal payment systems. Common uses include office supplies, employee reimbursements, courier fees, or small hospitality expenses. 

Companies typically maintain a petty cash fund in a lockbox or secure drawer, overseen by a designated custodian. Expenditures are recorded using petty cash vouchers or receipts to track and reconcile the fund periodically. Managing petty cash effectively ensures operational flexibility without compromising financial accountability.