Implementation of Petty Cash Limit Policy Through Internal Control System Planning
Keywords:
Petty cash, Internal control, Cash management, PT Link Net TbkAbstract
Purpose: This study explores the implementation of petty cash policies and internal control systems at PT Link Net Tbk. As petty cash is commonly used to support routine and urgent operational expenses, this research emphasizes its role in ensuring efficiency, transparency, and accountability in financial management.
Methodology/approach: A descriptive research method was applied, using observation during an internship and analysis of company documents such as standard operating procedures, vouchers, and financial reports. This approach provided insights into the company’s fluctuating fund system, authorization mechanisms, and internal control practices.
Findings: The study finds that PT Link Net Tbk adopts a fluctuating fund system with defined limits and accountability mechanisms. Internal controls such as segregation of duties, authorization processes, and regular reviews are in place. However, challenges remain in standardizing allocation methods across business units, ensuring compliance with documentation requirements, and reducing reporting delays.
Practical implications: The results suggest that companies can improve petty cash management by implementing technology-based systems to enhance transparency, accuracy, and efficiency. Policymakers and practitioners should focus on strengthening internal controls to reduce risks of misuse.
Originality/value: This study provides structured insights into the role of petty cash policies in corporate internal control, contributing both to academic literature and to practical improvements in financial governance for organizations.
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Copyright (c) 2025 Muhammad Nawawi, Muhammad Ghaza Alghafari, Tri Wahyudi
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