Petty Cash Funds
Purposes of a Petty Cash Fund
Petty cash funds are used primarily for making change for sales, or for paying small amounts (less than $100.00) to research participants.
Amounts of $100.00 or more paid to research participants should be on a Supplier Invoice. For other purposes,
it is preferable to utilize a Purchasing Card or as an Expense reimbursement, rather than a petty cash fund.
Sponsored Programs Accounts (GR/SG Worktags)
The examples in the links above focus primarily on PG worktags with IRT1139 optional worktag (petty cash accounts). There also can be
Non-Travel Project Advances to ISU Employees or Advances to Foreign Subcontractors or Foreign Individuals.
Please contact your Sponsored Programs Accounting Accountant for questions regarding advances for GR/SG worktags.
This page was last updated April 22, 2020.