Loan


Imprest Balance



The purpose of establishing an imprest fund is to ensure a constant flow of money for minor purchases that are usually made outside the regular ordering cycle...
When the set limit is used up, the money is replenished to the original amount, so that the sum is equal to the total expenses...
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Down Payment



Until October 1, 2008, sellers had the right to help buyers build sums of money for down payments by contributing up to 6% of the home value...
Also, you must have made regular deposits into your account for a long time...


Down Payment Assistance

Down payment assistance programs are intended for helping potential home buyers, as well as those willing to purchase other luxury objects, build up an amount of money to cover part of the total value...


Once you find a home that suits your preferences and wallet, with a 20% down payment, you can calculate the amount of money to be paid down as follows: multiply the original price by 0.20...
The amount of money you are required to pay down depends on your credit record and current financial situation...
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Online Merchant Account



The advantages of working with offshore accounts are as follows:

If your business is on a global scale, the use of an offshore merchant account can be very beneficial for you...
If you send money to an Asian payment processing system, the merchant will be charged more because the transaction will be considered international...
However, if you a US offshore merchant account , payments will be considered domestic and you will save money on each transaction...
In case the bank fails to process transactions, you may lose money...


Free Online Merchant Account

An offshore merchant account is usually established to address the following needs: By establishing your merchant account online, you can get a transaction processing account within the frames of the territory located outside your business area...
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Main Issues on Imprest Money System

These dockets are provided for every amount of money spent...


How Imprest money works?

According to the system the manager is required to give documents proving his expenditures...


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...
At the end of the month all the dockets provided for spent money are calculated totaling the amount of money spent...
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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What are the Imprest System Advantages?

Replenishment is also a very important feature because you want sit and wait until you have money...
That’s why if you are to purchase small amount goods this system is undoubtedly the most convenient one.

  • Those who blow off money will appreciate Imprest fund system that makes it possible the check all the monetary transactions performed as there are that kind pf people that spend money and don’t even know what they spend on and when...
    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...
    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...
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    Bookkeeping

    For example the entries in the Sales Journal are taken and a debit entry is made in each customer's account (showing that the customer now owes us money) and a credit entry might be made in the account for "Sale of class 2 widgets" (showing that this activity has generated revenue for us)...
    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...
    This money is to cater for minor expenditures (hospitality, minor stationery, casual postage and so on) and is reimbursed periodically on satisfactory explanation of how it was spent...
    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 ledger consists of the financial transactions made by customers to the business
  • Purchase ledger is a ledger that goes hand and hand with the Accounts Payable account...
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