Imprest Method

Imprest Method

Within the company, the transaction spending so much money. There are spending small amounts of money and some are relatife spending large amounts relatife. Cash expenditure is provided in a small number relatife called Petty Cash or Petty Cash. For example, buying supplies such as stationery, stamps and so on.
The cash was handed over to the petty cash cashier and he is responsible for the payment of a comparatively small. If the money in the petty cash cashier has reached the minimum threshold, the cashier petty cash reimbursement request on receipt of petty cash expenses and petty cash book.
Before in the form of petty cash, must first determine the amount of cash needed by small cash during certain periods such as a month.
There are two methods to record petty cash are:
1. Methods Permanent Fund (Imprest Method)
Petty cash cashier accepts cash and make payment in accordance with the provisions that have been set. If the rest of the money has reached the minimum threshold cashier apply for a replacement by showing proof of a petty cash expenditures. The amount of reimbursement of expenditure that has done so little cash balance always remain as they are.
2. Fluctuations method (Fluktuation Method)
The difference between methods of funding remains the fluctuation method as follows:

    In the method of funding remains, the expenses incurred by the petty cash cashier was not made in the method of fluctuations journal while spending done by the cashier made a small cash journal.
    In the method of funding fixed amount of reimbursement of expenditure that has done so little cash balance always remain as they are. whereas fluctuations in recharging methods of expenditure should not be undertaken.
    In the method of funding fixed, small cash balance remains (as before), while the method of fluctuations in cash balances small change (not fixed)