Loan


Imprest Checking Account – the Principles of Work!

Today Imprest checking account is very popular among those who prefer using loans especially working at the offices and other establishments. They can simplify the process of the expenditures management and help to save money knowing every operation performed with the account. That’s why it is so popular among those who has nothing to do with accounting. More >>>

Imprest – Main Facts about the Accounting System!

Imprest system is an accounting system that came from the United Kingdom and is based on the Imprest account creation in the form of a petty cash system. The main system feature is the fixed amount of money reservation. This system main advantage is that it allows replenishing it once one needs to do it or at the end of a specific period. This replenishment can be done without the Imprest checking account but from another source. The main system term - petty cash - term implies the inactive Imprest general ledger account as far as a set amount is concerned. More >>>

Imprest Cash Funds

Both types of Imprest Cash Funds are established at an initial fixed amount, which may be adjusted up or down based on changing departmental needs over time. The cash in the fund plus receipts for expenditures should always equal the fixed amount of the fund. Imprest Cash Funds must not be maintained in checking or other bank accounts without specific authorization from the Treasurer’s Office. More >>>

Bookkeeping

Bookkeeping is usually performed by a bookkeeper. A bookkeeper (or book-keeper), is a person who records the day-to-day financial transactions of an organization. A bookkeeper is usually responsible for writing the "daybooks". The daybooks consist of purchases, sales, receipts, and payments. The bookkeeper is responsible for ensuring all transactions are recorded in the correct day book, suppliers ledger, customer ledger and general ledger. More >>>

Few outlets have offered consumers their credit scores for free

Credit scores can affect everything from the credit cards you're eligible for to your rate on auto loans and mortgages. They even sometimes play a roll in whether you get a job or are approved to rent an apartment. Consumer advocates and banking experts say the value of these latest programs is that they put credit scores in front of consumers' eyes on a regular basis, instead of forcing consumers to seek the scores out on their own, and pay for them. More >>>

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