Bookkeeping, Control Accounts, and Cash Books

This subsection contains lower-level bookkeeping terms that remain useful only when they explain financial reporting controls.

In this section

• 'Bank Cash Book: The Record of Bank-Side Cash Movements in Accounting'
  Learn what a bank cash book is, what it records, and how it helps separate
• 'Branch Accounting: A Detailed Overview'
  An accounting system in which each department or branch of a business
• 'Imprest Account: A Petty Cash Control System'
  An imprest account is a financial control system used to manage and reimburse petty cash expenses. The responsible person maintains a fixed sum, provides vouchers for spent amounts, and is reimbursed to restore the initial balance.
• Expense Account
  An expense account records costs that reduce profit for a reporting period and flows into the income statement through the chart of accounts.
• Imprest Fund: The Basics of Managing Minor Operational Expenses
  An Imprest Fund is a petty cash fund used for minor expenses, maintained at a set balance, and replenished as needed.