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Imprest Account – Purpose, Instructions and Main Facts!



How does fund replenishment is performed? First of all, everybody should take into account the restrictions marked in the Imprest cash agreement he signed at the very beginning when creating the account...
The report should mark that the total cash float is zero...
Then he gets the replenishment check and sends it to the general accounting office with a request to close the account...


If you make an Imprest cash account request you need the BA-096 form...
There you put the stated Imprest cash account sum - $50-$100...
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Sample Request Letter for Petty Cash Fund

In this case, users must follow the requirements similar to those relating to opening a petty cash account...
Then the user receives a replenishment check and sends an account closure request to the General Accounting Office....
For instance, if you have a $100 account (the maximal petty cash sum), you must finish the current month with this sum, regardless of how much you have spent...
It is imperative that you strictly abide by the policies regulating the amount of cash withdrawn via the Imprest service...
Once approved, your account will be opened and you will actually have a bank account that feeds your petty cash account...
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Imprest – Main Facts about the Accounting System!



In other words, the main issue of the Imprest system work is the documentation of the way your petty cash is spent...
This allows the clients check the amount cash left anytime they would like...
What are the system main advantages and why is it worth using it? As it was stated below the maximal petty cash amount is $100 so you can spend only what you have and replenish the sum you’ve spent – that is $90...
It is quite simple as the special dockets are written for the every petty cash issued amount...
At the end of the month all of these dockets are summed up in the total by being deducted from the petty cash float opening showing the amount left in the petty cash float...
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The Imprest Stock System That Doesn’t Ruin Your Business



How to Reduce Delivery Costs?

The imprest stock system allows you not only to keep your items and cash flow balanced, but also reduce delivery costs...
All this is done to ensure a balance between the cash flow and the amount of stock and to maintain effective functioning of the company...
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Checking Account



If you want to have cashed checks sent to you by email or you’d like to use some kind of checking account package service, you must be ready to pay fees...
Checking account service is a common thing in most countries, so anyone with a little cash can open a checking account and use it in his or her individual way...
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Imprest Balance

This is also called a petty cash fund that is usually restored to its original amount at the end of each financial year...
The bank’s petty cash fund must be replenished periodically to ensure the sum’s availability in case of necessity...


mprest Account

An Imprest Checking Account is a type of account created specifically to ensure a constant flow of cash to reimburse minor or incidental expenditures...


As a rule, the petty cash is given to employees in petty cash envelopes to ensure its safety and accountability...
The imprest balance is a part of a petty cash system used to gather a specific amount of cash for appropriate use...
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