Petty cash is crucial for the financial welfare of the business. So, manage it properly and experience a smooth accounting process. Consider the following scenario: You manage an IT firm, and one evening, a client unexpectedly visits your office. Now, you're serving some coffee and snacks. Now the question arises - should the expenses be charged to the company credit card immediately, or should they be reimbursed later after processing by the accounts team?    Here comes the...