What is 'petty cash' in SAP IS-SE-CCO - Customer Checkout?

petty cash - Overview

• Component: IS-SE-CCO

• Component Name: Customer Checkout

• Description: A cash fund maintained in a business to store the payments from sales.

petty cash - Details

• 
  Key Concepts: 
  Petty cash is a form of payment used in SAP IS-SE-CCO Customer Checkout. It is a small amount of money that is kept on hand for making small purchases or payments. Petty cash is typically kept in a secure location and is managed by an authorized person. 
  
  How to use it: 
  In SAP IS-SE-CCO Customer Checkout, petty cash can be used to make payments for small purchases or services. To use petty cash, the authorized person must first record the amount of money in the petty cash account. Then, when making a purchase or payment, the authorized person must record the amount of money taken from the petty cash account and provide a receipt for the transaction. 
  
  Tips & Tricks: 
  When using petty cash, it is important to keep accurate records of all transactions. This will help ensure that the petty cash account is always up to date and that all transactions are accounted for. Additionally, it is important to keep the petty cash account secure and only allow authorized personnel to access it. 
  
  Related Information: 
  For more information about using petty cash in SAP IS-SE-CCO Customer Checkout, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for managing petty cash accounts.