Loan


Online Merchant Account

If you send money to an Asian payment processing system, the merchant will be charged more because the transaction will be considered international...
By creating a website for your business, you need to understand that people may want to pay for your goods and/or services right away; therefore, be sure to integrate a credit card payment system onto your website...
For example, if your company is registered in the USA, but you need to accept payments from the residents of Canada, you can establish a Canada-based offshore merchant account...
However, if you a US offshore merchant account , payments will be considered domestic and you will save money on each transaction...


If merchant accounts are owned by a single recipient bank, businesses having high needs for payment processing may be at a risk...
More >>>

Imprest Checking Account – the Principles of Work!

The petty cash system main basis in the replenishment of the expenditures you have spent...
This fixed system is more convenient for those who spend small amount of money on small cost goods...


The main purpose of this system is to make the monetary transactions controllable that is to manage them...
And then comes its term – petty cash that is so popular today on the internet...


In general, Imprest system is considered to be a system of loans dedicated to control fraud and theft...
More >>>

Bookkeeping



Double-entry system

Main article: double-entry bookkeeping system...


Single-entry system

The primary bookkeeping record in single-entry bookkeeping is the cash book, which is similar to a checking (cheque) account register but allocates the income and expenses to various income and expense accounts...
A double-entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different nominal ledger accounts...
It may be split into two daybooks: receipts daybook for money received in, and payments daybook for money paid out
  • General Journal daybook, for recording journals
  • Petty cash book

    A petty cash book is a record of small value purchases before they are later transferred to the ledger and final accounts, it is maintained by a petty or junior cashier...
    This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier...
    More >>>



    Imprest Balance

    In most cases, such accounts are open to make payments that cover some work outside the regular working cycle or system, e.g...
    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....
    An example of accounts payable can be your regular payments for cable or ISP services...
    Payments from the imprest bank account can be only done within the payment terms that are approved when entering into the bank agreement...
    The imprest balance is a part of a petty cash system used to gather a specific amount of cash for appropriate use...
    More >>>

    Imprest System – a Loan System Controlling Fraud and Theft!

    Others choose this system as it provides a good control over their small payments...


    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...
    In fact today every company has a petty cash system that is often known as a small amount of money kept in hand...
    And then according to Imprest system principles the sum that is spent should be replenished...
    It’s important to take into account that Imprest system is controlled documentary...
    More >>>



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

    Thus, this imprest petty cash system implies the dockets written for each amount that has been spent...
    Then according to the Imprest system main feature this report records how much as spent and how much should be reimbursed....
    And it is much more complicated to replenish that system as you never know the exact float sum...


    There is also a non imprest system of a petty cash where there is no such a rule with a fixed amount that is spend every month...


    Usually Imprest funds are fixed funds (more often petty cash funds) that are presented in the form of currency or coins used for making a small amount of payments...
    More >>>


      > > > >