Common Mistakes in Handling Petty Cash

Common Mistakes in Handling Petty Cash

You’ll never know when your team might need cash to pay for immediate expenses such as taxi fare, utilities bills, minor repairs, and others. In such cases, it’s convenient to have petty cash to cover these costs. Many small businesses have a petty cash account, but...
Benefits of Bank Reconciliation

Benefits of Bank Reconciliation

Making bookkeeping mistakes can lead to misleading financial figures, bouncing checks, and collecting from customers that already paid. These errors can lead to problems with your cash flow because you have yet to update and reconcile your accounting books. Regular...
Marketing 101: Ways to Manage Your Budget

Marketing 101: Ways to Manage Your Budget

A small business does not have the same kind of resources as bigger businesses. They need to maximize their resources while maintaining profits. Creating and maintaining a small business budget allows you to grow your company, reduce costs and boost revenues. A budget...
How to Create a Marketing Budget

How to Create a Marketing Budget

Budgeting is an important aspect of running a small business. A budget allows you to identify where your money goes and where you need to allocate it. You can make a budget for specific aspects of your small business. Create a marketing budget so that you can get the...