How to Reduce Missing Cash in a Small Business
Missing cash is one of the biggest problems for small businesses. It can happen because of mistakes, unrecorded expenses, incorrect change, unpaid customer balances or theft.
Do a daily cash-up
Every business day should end with a cash-up. Compare opening cash, sales, expenses, transfers and closing cash.
Record withdrawals immediately
Owner withdrawals, staff advances and small expenses should be recorded as soon as they happen.
Compare expected and real balances
If your expected balance and real balance do not match, investigate the difference before the next business day.
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