Make check payable to petty cash

Make check payable to petty cash

Posted: olegich1991 Date of post: 08.07.2017

What is the best practice for cashing checks written payable to "Petty Cash? Another officer is saying only someone who is a valid signer can sign as the endorser.

What are your thoughts? PAYABLE TO BEARER OR TO ORDER.

A promise or order that is payable to order is payable to the identified person. An instrument payable to an identified person may become payable to bearer if it is indorsed in blank pursuant to Section 3.

Check Handling, Cashing Checks: Payable to "Cash" | Independent Bankers Association of Texas

As such, the person with the check in his or her possession becomes the "bearer" and can negotiate the check - it does not have to be an authorized signer. The individual negotiating the check should endorse the back of the check so you can document the identity of bearer and who in fact received the cash.

make check payable to petty cash

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Check Handling, Cashing Checks: Payable to "Cash" | Independent Bankers Association of Texas

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make check payable to petty cash

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Amended by Acts , 74th Leg. Source As such, the person with the check in his or her possession becomes the "bearer" and can negotiate the check - it does not have to be an authorized signer.

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