Thursday, September 19, 2019
CAGAYAN DE ORO
CAGAYAN DE ORO
Joselito R. Ocampo
1 - 5 From 5 Results
Ocampo: Optimizing the use of cash in the bank
ALL the cash collections of the business should be in the bank except of course for the Petty Cash Fund that is kept in the business premises. Cash is kept in the bank for different purposes; and that is why ...
From 36 days ago
Ocampo: Daily Cash Reconciliation
IT IS a best practice in cash management that cash collections be deposited in the bank on the day of collection or the following banking day. This will enable the business to optimize the use of cash instead of keeping ...
From 42 days ago
Ocampo: The Cash on Hand should be in the bank
CASH on Hand is a business asset in the form of bills, coins, and dated checks held by the business cashier that were received from all sources of receipts, including cash sales and collection from customers' accounts.Collections that are still ...
From 49 days ago
Ocampo: Accounting schedules for cash and cash equivalents
IN MY previous column, I have stressed the importance of cash management vis-à-vis cost management in ensuring profits for the business. Cash management begins with knowing how much cash the business has and in what type or form the cash ...
From 78 days ago
Ocampo: Cash management and cost management leading to business profits
CASH and cash equivalents. This is the first financial item shown on balance sheets audited by independent auditors. It is the most liquid asset and the ultimate working capital that a business wants to grow.Cash and cash equivalents consist of ...
From 85 days ago