by Wayne Merry | Feb 5, 2020 | Customer payments, Tax Reporting
What are tax invoices? They are invoices but in addition, they comply with GST or VAT requirements. So, essentially they are invoices with extra information. An invoice is a record of purchase you give to your customers in order to charge them for goods or services...
by Wayne Merry | Jan 24, 2020 | Business, Supplier payments
Fraudsters and criminals are always looking for soft targets. Hundreds of years ago, defenseless people were held up on highways and told to hand over their money. Fast forward to today, we have new ways of having money stolen from us. One way is for the fraudster is...
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 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 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...
