Petty Cash and Finance

REGULATIONS AND STANDARDS

The Leadership and Management Standard


Petty cash systems are an important part of the financial support to children’s homes. It is therefore imperative that clearly recorded and well-maintained petty cash systems are kept within each children’s home.

All staff should follow the agreed petty cash format that is standardised throughout all children’s homes.

The Registered Manager should ensure that all new staff, as part of the induction process, are given clear instructions for completing the petty cash format.

Written Instructions for completing the petty cash book should be attached to the front of the petty cash book. 

The petty cash book should be available at all times for inspection and audit.