Petty Cash Management
Control your cash, control your destiny! Petty cash management is a must for all businesses, big or small. It’s a small cash fund to cover minor expenses, perfect for those cash-only situations. Even in a cashless world, it’s crucial! Small businesses often need cash for client meetings and lack electronic resources. Size the fund to your needs, but monitor it closely to avoid issues.
Be the master of your finances with a well-organized system. Transparency and accountability are key. Record all transactions, keep receipts, and track expenses for precise financial records. Set clear procedures, train your team, and make reimbursement a breeze.
Stay on top of things with regular audits. Keep those documents in check for flawless accounting. In the end, a well-managed petty cash system is your ticket to financial control and transparency. Quick access to cash for minor expenses while keeping your books accurate. Seize the day, and thrive!
Vyay allows you to
Sign up and Load Funds
Load funds to your wallet from your existing bank account.
Setup Spending Rules
Define teams, approval workflows, spending policies, and spending limits that work for you
Invite and add Your Team
Employees can request funds, pay securely, and submit receipts in a snap with the VYAY mobile app.