We never know any miscellaneous payable or any immediate expenses that we need to pay or buy that’s why I always keep a petty cash in hand out from our business income. We have lots of coins since most of our customers from our i-cafe are students. I usually collect and save this coins from our cash drawer so we could use it to pay for small purchases such as food, fare and other personal needs.
However, we list down all the purchases that we buy out from the petty cash that we get so it can be use to offset our income for business tax purposes. This relatively small amount of cash that we kept at hand for miscellaneous small expenses is really helpful for us that’s why we always keep some of these coins on our cash drawer.






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