Loan


Imprest Funds – Discover the Main Principles of that Kind of Funds!

The curious fact is that this replenishment goes to the primary cash account while the debit is paid to the certain expense account according to the petty cash vouchers you have...
Thus, the exact time doesn’t matter as you can check the exact sum left in your petty cash float anytime you want...


All the Imprest funds are kept in a record with the help of documentation presented by the petty cash dockets or receipts...


Petty cash Imprest funds consider that the custodian should document the way he uses his petty cash...
At the end of the month all the dockets written are totaled and deducted from the petty cash float showing the sum amount left in the float of a petty cash...
More >>>

What are the Imprest System Advantages?

When it is made by the office employee (for example by the secretary) he makes a replenishment for a Petty cash and gets a check for her purchase and then a voucher for the check replenishment...
And it is especially helpful if this load is used by the establishment and the custodian is a special person being responsible for the monetary transactions via Imprest system petty cash account...
In order to control money she deals with her director would use Imprest system petty cash account as all the transactions are documented by special checks that should be then replenished.

  • Moreover, this system makes the procedure of purchasing or paying for any service more simple as using the general check book for small amount purchases may seem a little bit inconvenient...
    You are to replenish your Imprest petty cash account within a short period by the end of the month.
  • These are the main Imprest system advantages that it offers to its customers...
    When the petty cash amount in hand is reduced and the petty cash is to be reimbursed the company makes the equal check for the receipts total recharging the system for the new month...
    More >>>

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

    Once the petty cash account is replenished, that kind of receipts now show the information on the replenishment process too...


    What does it the petty cash replenishment means? One – the custodian - is to replenish the petty cash fund...
    The replenishment means that the cash will return to the initial sum...


    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...
    It means that if you spend $100 from the petty cash balance you will be requested to cover these expenses immediately by the end of the month...
    More >>>



    Imprest System – a Loan System Controlling Fraud and Theft!



    This means that the petty cash system works according to the main imprest system rules – that is according to the replenishment of the sum you have spent...


    How does this petty cash book looks like? Normally it is a book that is kept for controlling the petty cash of any company or department...
    S long as the balance of the mount is adequate your petty cash account will not have the problems...


    What is to replenish the imprest system petty cash? So, that means that you cover all the expenses for the cash receipts that were taken against the cash and cut your check for the expenses amount...
    Otherwise in case you can not do it it should be replenished by a guardian that is usually presented by a bookkeeper that can do take the expenses from his own personal account petty cash float...
    More >>>

    Main Issues on Imprest Money System

    The main sense of petty cash system is the replenishment of money spent...
    That means that for instance if your month starts with some $50 in your petty cash amount and by the end of the month it is left only $40 then the spent $40 is added to your account to start the new month...
    These documents are called petty cash dockets...


    There is also an important term called petty cash book that looks like a usual book managing any institution or establishment petty cash recording every day routine transactions made on the Imprest account...
    According to the statistics, every American company works with petty cash system today as it is really helpful for various emergency expenditures of an every day office life like stationery materials, food for the office staff and so on...
    More >>>



    Imprest Checking Account – the Principles of Work!

    The petty cash system main basis in the replenishment of the expenditures you have spent...
    Thus you have the maximal petty cash sum which you can’t exceed and which you can use and spend by the end of the month before replenishing it in the end...
    And then comes its term – petty cash that is so popular today on the internet...
    All the payments should be performed according to the petty cash account policy...
    The main idea of these petty cash accounts is a sum taken from the general cash in order to make small purchases in currency...
    More >>>


      > > > >