imprest


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Related to imprest: imprest fund

Imprest

Accounting slang; a small amount of money appropriated for a particular purpose. The imprest is periodically replenished. See also: Petty cash.

imprest

a system used to control the expenditure of petty cash. An opening balance of petty cash (called the imprest) is made available to cover the petty cash expenses for the next accounting period. At the end of the period, whatever cash has been spent is replenished to restore the petty cash balance. This system tends to limit any losses, for example, via fraud, because the maximum that can be misappropriated in any one period is the imprest or opening balance.
References in periodicals archive ?
Recommendation: The Finance Officer at the Commission's European Regional Office should take action to ensure that all imprest cash is counted at least annually in accordance with the Commission's Imprest Fund Handbook.
Updates and consolidates text on the use of imprest funds and third-party drafts; deletes unnecessary cross-references; and relocates to the PGI (Procedures, Guidance, and Information) Web site at <http://www.
19038, 4/12/2005) Fourth, DOD proposes to update and consolidate text on the use of imprest funds and third-party drafts at DFARS 213.
If the ekphrastic moment humbles the imperious reader, it also proceeds to complicate the experience as it exposes its own inadequacies, with the text developing the allusion to Avvaiyar in the next four quatrains: "A woman's triumph mid them is imprest / One who upon the scroll / Flung the creative soul / Disdainful of life's flowers and of its rest" (p.
Ube's Imprest in-mold painting process combines a specially designed mold with the accuracy of the company's Ultima all-electric injection machine to give exterior automotive parts a Class-A finish.
Drouin--Use of Rental and Government Automobiles, Travel Expenses, Imprest Fund Charges, B-216016, 1987 U.
this complete suppression of information is managed by the simple device of making the payments to the Secretaries `without account, imprest, or other charge,' words which released [them] from any liability to account before the Auditors of Imprests for the amounts received by them at the Exchequer.
These may be summed up as follows:- an inadequate assessment of the assets: fixed assets;- an inaccurate and improper presentation of information on budget payments made in the form of advances or payments on account;- underestimating the commitments that remained to be cleared;- shortage of information on certain policies in terms of the assessment of the sound financial management creating the conditions for the budgetary implementation during the financial year in question;- the adjustment of expenses made by the imprest accounts of the delegations on behalf of the Directorates-General.
The purpose of the reports in the 'Money' books is as a permanent record of the authorization of the expenditures, so that money received from an imprest account elsewhere can be cleared as properly accounted for.
The cash and cash equivalents approach starts with total cash and cash equivalents, subtracts imprest cash, liabilities, reserves, and designations, and adds balances due from other funds.
District auditors conducted reviews of two accounts - the Student Body Account and the Imprest Account.
We have provided two departments with imprest bank accounts on which they are authorized to draw smaller checks.