imprest system

English - English

Definition of imprest system in English English dictionary

The imprest system refers to an accounting system for paying out and subsequently replenishing petty cash. Petty cash is a small reserve of cash kept on-site at a business location for incidental cash needs. The imprest system is designed to provide a rudimentary system of tracking petty cash balances and how cash is being used

Hyphenation

im·prest sys·tem