Loan


Imprest Balance

Imprest Balance Definition

An imprest balance, or petty cash balance, is a form of loans or advances allocated for specific purposes and replenished based on the expenditures...
Payments from the imprest bank account can be only done within the payment terms that are approved when entering into the bank agreement...
An example of accounts payable can be your regular payments for cable or ISP services...
Accounts payable jobs also involve paying bills on a timely manner, ensuring the payments meet certain criteria, so that the company’s credit ratings remain high and solid....
In most cases, such accounts are open to make payments that cover some work outside the regular working cycle or system, e.g...
More >>>

Imprest Cash Funds



All imprest cash funds are subject to unannounced audits by the Office of University Audits or Procurement Services...


Each imprest cash fund is to be maintained at its original amount unless it is increased or decreased by obtaining from or returning the proper Form to Procurement Services...


Supporting Documentation for Expense Reimbursement



Missing or Stolen Imprest Cash Funds

Unit must file a police report and must also report to both University Audits and to Procurement Services...
The usual time for Procurement Services to create an imprest cash fund is five business days...


Original receipts or suitable evidence of payment must be obtained for each cash expenditure or incidental purchase made from an Imprest cash Fund...
More >>>

Payment Processing

The benefits of ACH payment processing include the following:

Why credit card processing companies are so important for your business? Due to fast technological advances, businesses can take the most from their online presence...


Many credit card payment processing companies offer online shopping cart facilities that can be customized to your particular needs...


Some payment processing companies also provide electronic checks and other options that will ensure your flawless business operation...
Many shopping carts work with different payment platforms, so there is a wide variety to choose from...
However, not all processing companies charge your account

Credit Card Payment Processing

To run a successful online business, you will most likely need a secure card payment processing system...
More >>>



Imprest Definition – let’s Make out in the Main Idea of the Imprest Term!

In other words, Imprest definition main idea is the petty cash system according to which you can easily control all your payments and buy whatever you’d like that costs lower than 100 bucks as $100 is a limit that can’t be exceeded in most cases if speaking about Imprest system...
This system can be irreplaceable for all the companies and departments for making non-individual payments that should be tracked...
So, these were top 10 imprest system definitions taken from the Internet and processed from the online dictionaries and banking portals...

  • Imprest system is a cash fund without appropriation change to make immediate relatively small payments in cash for personal and non-personal supplies and services...
  • Imprest system is a petty cash fund that is used for the payments of the small amounts...
    More >>>

    Free Online Merchant Account

    If you use an offshore checking account, the deal will be regarded as domestic and you will not have to pay more for the transaction...


    There are several reasons why this sort of account is regarded by many as the best option:

    1. It is available for free
    2. It helps you boost your business by attracting audience from various parts of the world
    3. You have a broader choice of banks and electronic payment services
    4. You can increase your turnover and save more money
    Because banks charge higher fees for international transactions, an offshore account allows you to avoid these charges...
    For instance, if the Mexicans are your target audience and your business is registered in the United States, you can set up a Mexico-based offshore merchant account and receive payments from the residents of Mexico...
    Credit card processing has long become one of the most popular ways to make transactions...
    More >>>



    Imprest Petty Cash – the Main Principle of Petty Cash System!



    So, now you know what petty cash is, so, what is the imprest petty cash? Imprest petty cash system means that the general petty cash ledger account stays inactive...
    Other documents showing the payment should go with the petty cash receipt...
    Well, it is a form used as a docket showing the payment made from a petty cash account...
    More >>>


      > > > >