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How do you calculate imprest amount? - Answers
To calculate the imprest amount, determine the total expected expenses for a specific period, such as a month or a project duration. Then, establish a fixed cash balance that should remain in the fund at all times, often referred to as the imprest balance. The imprest amount is typically the difference between the total expected expenses and the current cash balance. This ensures that the fund can cover anticipated costs while maintaining the designated cash level.
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How do you calculate imprest amount? - Answers
To calculate the imprest amount, determine the total expected expenses for a specific period, such as a month or a project duration. Then, establish a fixed cash balance that should remain in the fund at all times, often referred to as the imprest balance. The imprest amount is typically the difference between the total expected expenses and the current cash balance. This ensures that the fund can cover anticipated costs while maintaining the designated cash level.
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How do you calculate imprest amount? - Answers
To calculate the imprest amount, determine the total expected expenses for a specific period, such as a month or a project duration. Then, establish a fixed cash balance that should remain in the fund at all times, often referred to as the imprest balance. The imprest amount is typically the difference between the total expected expenses and the current cash balance. This ensures that the fund can cover anticipated costs while maintaining the designated cash level.
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