Petty cash

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
What are the imprest and non imprest methods?

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Petty cash

    Hi Chris<BR><BR>The Imprest system is where you have a set amount each month (say £200), and at the end of the month you reconcile the petty cash back up to this amount again.<BR><BR>The non-imprest system is basically where you either try to stay to a set amount but there are no real problems if you go over, or where there is no amount specified at all and you basically keep topping up the petty cash and putting in receipts regardless of the amounts each month.<BR><BR>Obviously it is a lot easier to maintain the imprest system as you have a set amount to check back against each month.<BR><BR>R u nearly finished yet????<BR><BR>Tracy<BR><BR><img src="i/expressions/face-icon-small-smile.gif" border="0">
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Petty cash

    Hey Trace, thanks for that. Yeah im all done now. Just need to ask my tutor a few things when i go in on tuesday. A lot of the MARP stuff i referenced it to RIAR. Nearly all the same. Referenced a few things to the exam as well. Anyway looks ok i guess. Just gotta do the SIMC sim on the 12th and then off to Cyprus on the 13th. WOOOOO!<BR><BR>Chris.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Petty cash

    Hi Chris<BR><BR>I'm glad you're nearly finished it feels great to get it out the way doesn't it! Hope you have a brill time in Cyprus (you lucky so and so), I'm off to sunny (I hope) butlins on Saturday 9th with 4 kids (only 3 of them mine), doesn't have the same ring to it does it? still it's a chance to get away from studying I suppose!!<BR><BR>Enjoy yourself, and chat soon <img src="i/expressions/face-icon-small-smile.gif" border="0"><BR><BR>Trace

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