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.
What is petty cash? Petty cash is a small amount of cash on hand that is used for paying small amounts owed, rather than writing a check. Petty cash is also referred to as a petty cash fund. The person responsible for the petty cash is known as the petty cash custodian.