The person responsible for recording these transactions is called a petty cash cashier. Petty cash is a small amount of cash a company keeps on hand to cover small expenses, it is also known as a petty cash fund. This money is used for minor or incidental expenses, companies sometimes do this to avoid using … Read more

He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University. The investor records the receipt of its share of dividend with … Read more

With professional bookkeeping services, you’ll have clear financial insights, save time, and be prepared for whatever comes next. We’ve helped hundreds of small businesses law firm chart of accounts take control of their finances. With years of experience and a passion for helping entrepreneurs, we’re your trusted partner for bookkeeping success. Trained accountants and bookkeepers … Read more

This includes tools for payroll, expense tracking, and tax calculations, which help business owners manage their finances accurately and on time. These tools streamline your workflow and improve customer service by allowing clients to pay invoices quickly and efficiently. Such software for plumbing contractors helps you automate and manage your business operations, making it easier … Read more

Delaying payments can free up cash but risks late fees and damaged credit, while paying too quickly can deplete resources needed elsewhere. Profit First is a cash management methodology that prioritizes profit and helps businesses optimize cash flow. 💸 The basic idea is that by setting aside a percentage of income for profit first, before … Read more