Term Definition. Incident Any event that is not part of the standard operation of a service and that causes, or may cause, an. interruption to, or a reduction in, the quality of that service. Incident response The response of an enterprise to a disaster or other significant event that may significantly affect the.
Cash Float Defined. In general, cash float refers to the difference between the cash balance recorded in your accounting system's cash account and the amount of cash showing in your company's bank account balances. Disbursement float occurs when you write a check and the recipient has not yet cashed the check.
A petty cash system is a set of policies, procedures, controls, and forms that a company uses to dispense cash for various miscellaneous needs, such as office supplies and services. The basic process of setting up a petty cash system is: 1  Location. 2  Decide upon the locations where petty cash funds will be installed.