Menu is for informational purposes only. Menu items and prices are subject to change without prior notice. For the most accurate information, please contact the restaurant directly before visiting or ordering.
Here are some tips for managing the petty cash for Petty Cash, a Mexican, Seafood, and Cocktail Bars restaurant located at 712 Santa Fe Ave, Los Angeles, California, 90021:
1. Set a maximum limit: Determine the amount of petty cash you need on hand, considering the typical expenses. This will help in budgeting and preventing misuse.
2. Keep a record: Maintain a detailed log of all transactions, including the purpose, date, amount, and recipient. This will provide accountability and help in tracking expenses.
3. Secure storage: Have a designated safe or lockable box to store petty cash. Ensure it is easily accessible to authorized personnel only.
4. Receipt management: Require employees to provide receipts for all petty cash expenditures. This helps in verifying the authenticity of expenses and prevents fraudulent claims.
5. Regular reconciliation: Conduct periodic audits to compare the sum of receipts and remaining cash with the initial fund amount. Identify any discrepancies and address them promptly.
6. Train employees: Educate staff members on the importance of handling petty cash responsibly. Encourage them to follow established procedures and report any irregularities.
Remember, these guidelines are general and can be tailored to suit your specific needs. Regularly reviewing and updating petty cash policies will help maintain accuracy and transparency in your financial transactions.
