Many businesses use petty cash to cover all the small, or not so small, purchases that come up in the course of conducting business. Theoretically, this can be an efficient and easy way to get employees the cash they need when it is needed. In practice, there are a number of concerns that can make it more complicated. Keeping petty cash money secure and keeping accurate records to know where the cash goes can be a challenge. There is a solution; go cash free.
No one wants to carry large amounts of cash and no one wants to have to chase down change and receipts. Pre paid cards can be used for big and small purchases alike. Every purchase is automatically recorded and funds can be added to cards quickly. Keeping of track of cash costs time that the average small business owner simply doesn’t have. Go with a prepaid card and stop hitting the ATM.