Petty cash is a limited amount of money kept on hand for small payments . Think of it as a means to handle those insignificant costs that are too large of a hassle to go through the normal payment process . It's typically managed by a appointed person and requires a simple compensation process when the cash are disbursed.

Petty money is a small amount of funds kept on site for small expenditures . Think of it as a method to cover those insignificant costs that are too big of a hassle to go through the normal disbursement procedure . It's typically overseen by a designated person and requires a straightforward reimbursement system when the

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