With the continued advancement of digital technology, every form of transaction is becoming a reality. In this case, if such expenses are not recorded down, it could mean a loss equivalent to $1,000. If translated into a month, that’s over $1,000. A pizza for five workers can cost up to $40. Let’s take a look at this example for more insight:Īssuming an office of five workers decides to take pizza for lunch for a month. According to experts, documenting small expenses can mean a lot for a company/business, especially if not claimed. At the same time, it helps document and track whether or not the cash was put into good use. Well, the primary purpose of petty cash is to provide your business with enough cash to run its minor expenditures. Why is petty cash so important for your business?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |