Easy ways to keep track of your cash

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  • February 9, 2017

Although electronic payment systems are popular, cash still plays a part in many business transactions.

How to track your cash transactions:

  • Reconcile sales at the end of each day – this will help you identify any discrepancies quickly.
  • If you use cash for business purchases, keep receipts and record it, or your accounts won’t balance.
  • When paying invoices using your business’ cash, ensure you make note of it – cross-reference your payment details with the relevant invoice numbers.
  • Don’t use business money to pay for personal purchases.

These may be little things, but they’ll help make managing your cash payments much easier.

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