Skip to Main Content
Bookkeeping All-in-One For Dummies, 2nd Edition
book

Bookkeeping All-in-One For Dummies, 2nd Edition

by Lita Epstein, John A. Tracy
August 2019
Intermediate to advanced content levelIntermediate to advanced
608 pages
15h 28m
English
For Dummies
Content preview from Bookkeeping All-in-One For Dummies, 2nd Edition

Chapter 5

Controlling Your Records

IN THIS CHAPTER

Bullet Protecting your business’s cash

Bullet Maintaining proper paperwork

Bullet Divvying up responsibilities

Bullet Insuring your cash handlers

Every business takes in cash in some form. Whether that cash is in the form of dollar bills, checks, credit cards, or electronic payment, it’s all eventually deposited as cash into the business’s accounts. Before you take in that first penny, controlling that cash and making sure that none of it walks out the door improperly should be your first concern as a businessperson.

Finding the right level of cash control while allowing your employees the flexibility to sell your products or services and provide ongoing customer service can be a monumental task. If you don’t have enough controls, you risk theft or embezzlement. Yet if you have too many controls, employees may miss sales or anger customers.

This chapter explains the basic protections you need to put in place to be sure that all cash coming into or going out of your business is clearly documented and controlled. It also reviews the type of paperwork you need ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Bookkeeping All-In-One For Dummies

Bookkeeping All-In-One For Dummies

Consumer Dummies

Publisher Resources

ISBN: 9781119592907Purchase book