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Accounts

Difference between Petty Cash and Cash Float

Last Updated on November 7, 2020 By Larry Alton Leave a Comment

Compare And Make Best Choices For Deposit Bank Accounts

We all are well aware that one of the most challenging assets to manage within any company is its cash. One way to manage cash is for a company to mandate all purchases to be done by cheque. However, there are cases in which the use of a cheque is not practical.Imagine that the Galaxy's Best Yogurt is out of milk one day. It is impossible to work without milk, and the usual supply does not arrive for another 48 hours from the distributor.To sustain the process, it is important to go to … [Read more...] about Difference between Petty Cash and Cash Float

Filed Under: Accounting & Taxation Tagged With: Accounts, Cash, Cash Float, cashfloat, Petty Cash

6 Tips For Streamlining Your Business Finances

Last Updated on September 16, 2020 By Jason Obrien Leave a Comment

Tips For Streamlining Your Business Finances

Ah, finances -- the necessary evil that forms the foundation of all successful businesses. Love it or hate it, if your business doesn’t have a streamlined and effective business finance operation, you run the risk of your competitors sprinting past you in the race.Furthermore, keeping on top of your business finances is the one and only way to ensure that you will be placed in good stead when it comes to the overall impression you give to suppliers, customers, and investors.Are you … [Read more...] about 6 Tips For Streamlining Your Business Finances

Filed Under: Banking & Finance Tagged With: Accounts, Bookkeeper, business Expenses, business finance

4 Ways to Prevent Employee Embezzlement When Running a Small Business

Last Updated on February 5, 2020 By Alice Johnson Leave a Comment

monkey stealing

People associate embezzlement with major conglomerates that happened in the past, like the Enron and Bernie Madoff scandals. However, employee embezzlement is more common among small businesses than you may think. It accounts for one-third of small business failures.However, your small business doesn't have to be part of these stats as there are measures you can implement to prevent it. From hiring a forensic accountant for regular audits to segregation of duties, below, we explore some of … [Read more...] about 4 Ways to Prevent Employee Embezzlement When Running a Small Business

Filed Under: Management Tagged With: Accounts, employee theft

Types of Banking Products and Services – Top & Best

Last Updated on October 12, 2020 By Flavio Leave a Comment

Banking started with the bank of merchants of ancient world. They used to give loan to farmers for their fields and trades. Traders used to take long and short term loan to increase business goods between two cities. Modern banking practices, fractional reserve banking and the issue of banknotes.Merchants started to store their gold with the goldsmiths of Landon, who gave them private vaults. Fir this people give them fee for those vaults.Different countries have different definition of … [Read more...] about Types of Banking Products and Services – Top & Best

Filed Under: Banking & Finance Tagged With: Accounts, Car Financing, Credit Card, Loans, Shares

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