The white blooms dotted the asphalt and swirled in the breeze under the orange glow of the street lamps.
What is 'Imprest'. An imprest is a cash account that a business uses to pay for small, routine expenses. A fixed balance is maintained in the account, and it is replenished routinely to maintain that balance. Alternatively, an imprest can refer to a monetary advance given to a person for a specific purpose.
An imprest system like this is extremely important not only to manage how the petty cash is being spent but also to protect the money from being stolen. As with any cash asset, there should be accounting controls and systems in place to protect it from theft and misuse. Search 1,000+ accounting terms and topics.