Nagamine & Mishima Accounting Office

Accounting practice since 1989

  • English
  • 日本語 (Japanese)
  • About
    • Message from the Managing Partner
    • Leadership
    • Advantage
  • Services
    • Startup Support
    • Expansion Support
    • Crisis Support
    • Cloud Support
  • Resources
    • Seminars
    • Newsletters
    • Monthly Checklists
    • Japanese Business Guide
  • Blog
  • Clients
  • Contact

Petty Cash

Petty Cash

Having petty cash is not advisable considering risk of bad management. Employee takes less responsibility in preserving receipts and invoices when petty cash arrangement is provided. Hence, many mishandled settlements occur leading to adjustments during tax audit. Obviously, employee takes better ownership of receipts and invoices when expense reimbursement system is in place. If circumstance of providing petty cash must be met, please consult with your tax accountant in what kind of reconciliation procedure must be in place to satisfy the tax authorities during tax audit. In addition, it is always good to confirm with your tax accountant how to deal with situation when receipt and invoice are not provided in certain transactions.

Blog Categories

  • Blog
  • Facts about Tax
  • Newsletter

Need support for your business in Japan?


With over 25 years experience, our team is here to help. Fill out our simple contact form and we will be in touch very shortly.

People are Talking

  • “YOOX’s business partnership with Nagamine & Mishima Office started in 2004, when the Italian company landed in the Japanese market.

    Nagamine & Mishima Office worked very closely on helping YOOX to set up the corporate, accounting and tax procedures according with the local requirements.

    In the these 10 years of operations in Japan, Nagamine & Mishima Office has always supported YOOX to reach its goal, with a very professional and proactive approach and a unique working way: efficient, kind, timely and careful to details. We would recommend them to anybody! “

    Paolo Bedodi, Financial Controller

    YOOX GROUP