Handling petty cash in a business can sometimes feel like herding cats—easy to overlook but potentially disastrous if mishandled. According to HBR, if you want to cut down on business costs, it’s very important to keep a track of miscellaneous expenses. Most companies, if they review their expenses closely, might find 15-20% of their petty…
Month: November 2024
Why Your Business Needs a Petty Cash Management Software
Handling petty cash is challenging especially when the volume is high. It covers minor expenses, from office supplies to repairs and delivery payments. However, petty cash management can be time-consuming and error-prone if not managed properly. Many businesses still rely on conventional manual methods often leading to inaccuracies and increasing the chances of fraud. No…
