A receipt is a document – either physical or digital – that’s used in any type of business transaction. Ultimately, it’s what acts as proof that a payment was made for goods or services. It includes details of the purchase itself and is essential for bookkeeping,...
Managing petty cash is something pretty much every small business owner has to do. It’s a small amount of cash kept on hand for minor expenses, and it can help your business not have to rely on company credit cards or write cheques for insignificant costs. Let’s go...
A cash flow statement is a financial document used to track the movement of cash in and out of your business over a set period. It can give you valuable insights into how much cash flows through your company by highlighting how well you manage it. For small business...
A financial statement is a structured document which is created to record and display the financial performance of a business. Often scrutinised by accountants, tax professionals, shareholders, prospective buyers and government agencies, a financial statement is used...
As a business owner, you may find yourself asking, ‘what is accounts receivable’? Simply, accounts receivable is the money that’s owed to your business by debtors. This debt is usually in the form of unpaid invoices. If you’ve issued invoices to debtors for work...
