by Wayne Merry | Nov 19, 2019 | Supplier payments
Why use cards? Procurement cards or company credit cards are convenient. Cards are widely accepted. They can be linked to phone payment facilities like Apple Pay and Samsung Pay. Wechat Pay is more used than cash going into the 2020’s in China. Cards excel in...
by Wayne Merry | Nov 14, 2019 | Business Organization, Ownership
Business vs Personal Expenses As you operate your business, you will incur costs. Retailers need to buy products. Most businesses need computing technology. You may purchase services, such as internet hosting for your web site. Your business might require professional...
by Wayne Merry | Nov 13, 2019 | Employee expenses, Supplier payments
What is petty cash? Petty cash is a control around cash. It consists of cash and receipts kept in a box. Petty cash then has rules about how to manage what goes in and out of that box. Petty cash exists to fund small expenses in an office or other incidentals. It is...
by Wayne Merry | Nov 12, 2019 | Employee expenses, Supplier payments
Imagine you have 10 employees in your small business. These people are doing lots of things. They also traveling travel to lots of places. How can you keep your head around all the work expenses that this generates? When your staff ask to be reimbursed for their...
by Wayne Merry | Nov 11, 2019 | Customer payments
Your online customers can’t pay you cash. You need to receive payments through some online mechanism. Your choices include Paypal, Stripe or using a payment gateway. No matter which method you choose, you will incur processing fees. How should you record these...
