Analysis of Petty Cash Effectiveness to Improve the Quality of Cash Control System at PT. Inifd Kreasi Indonesia
Keywords:
Petty Cash, Imprest Fund Method, Expenses, Cash Control SystemAbstract
Purpose – PT Inifd Kreasi Indonesia main business is on fashion and
interior design school. They are the first franchisee in Indonesia, with
office on Gunung Sahari St, Central Jakarta. This research aim to
analyze the benefit of petty cash for cash management operation on
PT Inifd Kreasi Indonesia.
Design/methodology/approach – This research using mainly
qualitative method through observation and documentation of
interview. In the end, we could imply that PT Inifd Kreasi Indonesia
itself using imprest fund method, by limiting the fund of petty cash
each period according to company policy.
Findings – It is expected that this research could comprehend the
whole process of allocation and bookkeeping of petty cash for
detection of fraud and unecessary expenses. This found that the
implementation of petty cash can improve the cash control system at
PT Inifd Kreasi Indonesia.
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