Glossary entry

English term or phrase:

expenses float

Greek translation:

κονδύλι για μικροέξοδα, μετρητά για την κάλυψη μικροδαπανών

Added to glossary by Spyros Salimpas
Jul 14, 2022 06:41
1 yr ago
12 viewers *
English term

expenses float

English to Greek Bus/Financial Business/Commerce (general)
You agree that the Company may at any time during your employment, or on termination, deduct from your salary any monies due from you to the Company or any Group Company, including, but not limited to, expenses float, relocation expenses and training/course costs as previously agreed.
Change log

Jul 15, 2022 09:52: Spyros Salimpas Created KOG entry

Proposed translations

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κονδύλι για μικροέξοδα, μετρητά για την κάλυψη μικροδαπανών

Κάτι σαν petty cash fund.

Seven simple steps to improve controls over petty cash

The seven simple steps you must take to strengthen controls over petty cash and avoid losses are:

1. Decide on a float and when to replenish

The first step is to define how much you would like to keep as a float in the petty cash, and the level at which petty cash must be replenished. The float is the maximum amount that can be held in petty cash at any time. The amount disbursed from the petty cash should be reimbursed when the fund falls to the level at which it must be replenished.

To determine the amount of the float, consider the typical small payments you make within a defined period such as a week or month and set a reasonable float amount. The float reduces the risk of holding too much cash that you may not require, or indeed too little cash.
https://www.scg.com.gh/2018/04/05/7-simple-steps-to-improve-...
Peer comment(s):

agree Anastasia Kalantzi
31 mins
agree Alex Filindras
1 day 38 mins
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