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PETTY is derived from the French Word `Petit’ which means small. A petty cash book is a subsidiary cash book for recording petty (small) expenses. In every business, there are bound to be certain petty payments, which are required to be paid by Cash and not by cheques. If large number of petty payments are recorded in the main Account, it will become bulky and cumbersome. Hence the solution is Petty CashTM. |
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Petty Cash is designed for organizations that allocates cash to branch or office managers for incidental expenses. The program is very simple to operate and does not require the user to have any accounting knowledge. An ideal solution for imprest management. |