There are always text messages about this kind of petty cash recently. What is a reserve fund?

The reserve fund is the reserve fund allocated by the enterprise to the enterprise's internal fund-using units or individual employees as sporadic expenses.

The reserve fund allocated by enterprises can be accounted for in the detailed account of "Other Receivables-Reserve Fund" by adopting a one-time reserve fund or reserve fund system according to management needs.

Petty cash refers to the funds allocated by enterprises, organs, institutions or other economic organizations to non-independent internal units or staff for travel expenses, sporadic purchases, sporadic expenses, etc. The reserve fund shall be managed by a designated person and used according to the specified purposes, and shall not be lent to others or used for other purposes.

Petty cash paid in advance for travel expenses, sporadic shopping, etc. Generally, it is collected according to the expected amount, and it will be reimbursed once after use, and more refunds will be made. Before the account is settled, no further advance shall be made. For petty cash used for sporadic expenses, the petty cash system can be implemented, that is, the designated petty cash person in charge will receive it according to the specified amount, and after use, it will be reimbursed according to the specified procedures to make up the original quota. Units that implement the imprest system shall, after the imprest recipients use the imprest, prepare the expense schedule according to various expense vouchers, regularly submit an account to the accounting department, and recover the used imprest. Prepaid petty cash, when spending, debit "petty cash" (or "other receivables") subjects; The balance of repayment and recovery is credited to this account. When the imprest system is implemented, except for allocating and increasing or decreasing the imprest amount through the "imprest" account, it is not necessary to directly record the expenses into the relevant cost account when the daily expenses are reimbursed to make up the amount.

In order to deal with the daily sporadic expenses, the budget unit needs to maintain a certain cash reserve, generally no more than 3 ~ 5 days, to pay the required cash sporadically. Each budget unit shall apply for the reserve amount according to the business volume, scale and sporadic expenditure of the unit, and the payment center shall examine and approve the reserve amount according to the application of the budget unit and the specific business situation, and sign the responsibility book for the management of reserve funds.

The petty cash received by each budget unit shall be managed in accordance with the Regulations on Cash Management issued by the State Council. Except the cash within the specified range, other funds shall be settled by bank transfer. Reserve fund management includes loan management and custody management.

Borrowing 1, all departments of the enterprise fill in the "imprest loan slip", on the one hand, the financial department approves its sporadic expenses to facilitate management; On the other hand, cash is paid against this document. 2. The petty cash of each department shall generally not exceed the specified amount. If there are special needs, it must be approved by the department manager of the enterprise. 3. For petty cash loans from various departments, the official invoices obtained shall be sent to petty cash managers (cashiers) of the financial department on a regular basis for fund transfer or supplement.

Custody 1, petty cash receipts and payments should be set up with "petty cash" account, and a "daily statement of receipts and payments" should be prepared and sent to the manager. 2. The reserve fund shall prepare a list of reserve fund expenditures on a regular basis according to the invoices obtained, and timely reflect the expenditures of the reserve fund. 3. The imprest account shall be settled on a monthly basis. 4. The cashier shall properly keep all kinds of bills related to the petty cash. No matter how the reserve fund is managed, the procedures of advance borrowing, use and reimbursement of the reserve fund should be strictly implemented.