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What is the typical turnaround time from the Finance Department to replenish petty cash?

April 26, 2017cash Department Finance Petty replenish time turnaround

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What is the typical turnaround time from the Finance Department to replenish petty cash?

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Please allow 5 business days to process your request for replenishing your petty cash. This provides time for various sections within the Finance Department to create the payee (vendor) or make changes as required, check back-up, account distribution codes and signing authority, input the petty cash replenishment form, print the cheques, review the payment register, audit vouchers and obtain sign-off to release the cheques. Normally, requests for petty cash replenishment can be turned around in less than 5 business days but on occasion it may take the longer period allowed.