Loan


Imprest Balance

Since companies have regular expenditures related to some minor work activities, it is very important to maintain an imprest balance . This will ensure a consistent flow of petty cash as well as the management of a petty cash fund . This fund must be replenished from time to time to guarantee cash availability to cover minor expenses. More >>>

Main Issues on Imprest Money System

The most popular system today is Imprest money system that is rather handy for various institutions and organizations having an employee that manages various company purchases and makes several buyings for daily needs. That happens due to special receipts that he gets to submit them to the cashier all the expenditures get fixed in the account organization list. After that the manager gets the same account being refreshed after his yesterday’s expenditures and ready for being used in future. More >>>

Imprest System – a Loan System Controlling Fraud and Theft!

Imprest system is a comfortable petty cash book system that provides a simple monetary process to cover the every day routine expenses such as buying a pen, newspapers, stamps and even purchasing a chair. The main idea of the petty cash system is the replenishment of an account by the end of the next month. So every beginning of the month should be marked with a newly reimbursed petty cash system account. Thus, this system is irreplaceable for daily use and various company’s operations. More >>>

Imprest Account – Purpose, Instructions and Main Facts!

What is an Imprest account? What kind of Imprest account exists? How to complete the Imprest account petty cash reports? What other stuff is needed to open the Imprest account? Get all the necessary information to these questions right here! This article will tell you about the formal nuances of Imprest account and give you the necessary account facts on how to make your documentation perfect! More >>>

Imprest Checking Account – the Principles of Work!

Today Imprest checking account is very popular among those who prefer using loans especially working at the offices and other establishments. They can simplify the process of the expenditures management and help to save money knowing every operation performed with the account. That’s why it is so popular among those who has nothing to do with accounting. More >>>

Imprest – Main Facts about the Accounting System!

Imprest system is an accounting system that came from the United Kingdom and is based on the Imprest account creation in the form of a petty cash system. The main system feature is the fixed amount of money reservation. This system main advantage is that it allows replenishing it once one needs to do it or at the end of a specific period. This replenishment can be done without the Imprest checking account but from another source. The main system term - petty cash - term implies the inactive Imprest general ledger account as far as a set amount is concerned. More >>>

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