Assignment
Week 4
Today I will talk about the most common amount of petty cash funds in a small medical office with forty employees. Sometimes when working in a medical office you may run out of office supplies like paper for the printer, labels for medical records, pens, pencils or envelopes. So a petty cash fund is used for just those reasons. The average amount of money that is kept in a petty cash fund is $50 - $100 for a smaller practice a larger practice may have a larger petty cash fund. I believe that anytime money is involved that it should be a policy as to how funds should be used, so I have written one for all medical staff.
Policy and Procedure
The Medical Office Manager is in charge of all cash funds.