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Accounting
Imprest System
A way to control petty cash by always keeping the fund at the exact same amount after every reimbursement.
The imprest system makes petty cash easy to audit because the cash plus receipts should always equal the original fund amount. It's the most common way to run petty cash.It's like a vending machine that always gets refilled to exactly 20 sodas every time someone buys one.
Real world: You start petty cash with $200. When it drops to $45, you write a check for $155 to bring it back to exactly $200 again.
💡 Imprest keeps petty cash honest and simple — no guessing, just count the cash and add up the receipts.