Imprest

The most popular form of imprest is a petty cash account. It is used when issuing cheques is not convenient to cover smaller transactions. These accounts contain a fixed amount of on-site cash that can be used to repay employees and pay for minor expenses. In which book the termRead More →

The most common example of an imprest system is the petty cash system. Manage your business expenses anytime, anywhere with Debitoor invoicing software. … This means that the general ledger account for imprest will never have another entry unless the amount of cash assigned to it is deliberately changed. WhatRead More →