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Imprest account for advance to employee

Nitin (Accountant) (29 Points)

08 September 2014

Dear All,

Is it possible to implement imprest account system for cash advance issued to employee for purchasing raw materials ? Actually i was trying to implement it but when i am trying to pass the entry for adjustment of Imprest account in the purchase voucher in tally it is not showing the imprest a/c in the ledger accounts list. That's why i am unable to adjust imprest amount earlier issued to employee. I have treated imprest account as current asset. Please revert.

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12 Replies

V P Narasimhan (Accounts Manager) (791 Points)
Replied 08 September 2014

Dear

You can do one thing. Reverse entire amount as imprest refunded and make entries for purchases.

NAVEESH DHAR (ADVOCATE- TAXATION ADVISOR) (427 Points)
Replied 08 September 2014

Try this ....in tally configuration option allow the journal entry to use cash & bank account after this try to pass the journal entry. Pls revert msg in case of problem solved of not....

satish sabharwal (executive) (24 Points)
Replied 09 September 2014

Creare the imprest a/c under loans & advances because u paying in advance to employees. After dat u can pass entries..

satish sabharwal (executive) (24 Points)
Replied 09 September 2014

This is mostly used in construction work.

satish sabharwal (executive) (24 Points)
Replied 09 September 2014

This is mostly used in construction work.

Nitin (Accountant) (29 Points)
Replied 10 September 2014

If i put imprest a/c under loan and advances still i can not credit imprest account in purchase voucher in tally. I just wanted to know is there any option so that we can allow impress a/c in purchase voucher ?