Loan


Main Issues on Imprest Money System

At the end of the month all the dockets provided for spent money are calculated totaling the amount of money spent...
These dockets are provided for every amount of money spent...


What is so special about Imprest money?

The main issue about the system is that you can spent only the sum you are provided – in this case $50 and then the account is only replenished to the sum you had in the beginning...


As a matter of fact, today there is a big variety of loan systems that compete with each other in comfortable conditions of a provided credit...
But how to deal with every day needs? Imagine you work at the office or you own an office and even have an employee responsible for routine purchasing like those including stationery office materials and so on? This is exactly the reason of the existence of petty cash Imprest system allowing to trust the employees by knowing all the expenditures they’ve made due to the dockets they show you – and actually not you (they provide it to the system) – by the end of the month so that the account will be replenished...
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The Imprest Stock System That Doesn’t Ruin Your Business



If the analysis of the imprest stock dynamics shows that the amount of items is at about the same level in the beginning of each month (this situation can be observed either when the company’s activity is rather balanced with maintaining the imprest stock at a certain level, or when “dead stock” is there, which is a common thing for many companies in the USA), then the available data on the stock balance can be taken, for example, based on the previous months of the current year...
Note that the company should produce as much as it can sell (to meet the demand) plus an amount of items for its imprest stock system to cover uncertainties...
Determining the proper amount and the location of warehouses as well as the policy of the safety stock is one of the major challenges in designing the imprest stock system...
The following factors determine the success of a specific enterprise-level service: