We’ve made some changes over the past month at Bizmanualz, most notably, providing additional articles for our readers. I hope you have enjoyed receiving more information on different aspects of business improvement.

Read the following articles to learn more about the importance of cash procedures to the daily activities of your company and on ways to create strategic growth for your organization.

Read more...   |    Leave Comments »

In the past few weeks we have discussed how understanding and documenting your cash processes with cash policies and cash procedures can prevent internal fraud and abuse.  Externally, one the biggest threats to your cash are customers who fail to pay for what they purchase. 

Read more...   |    Leave Comments »

We all hope our co-workers and employees are honest, and they probably are.  Yet, improper cash control and poor cash practices can tempt people who are basically honest.  Think about parking at the local mall.  You always roll up your windows and lock your car to protect your possessions, especially if you made some purchases at an earlier stop.  Most of the people who walk by your car at the mall are honest, yet you don’t want to tempt them by making it easy to take something that doesn’t belong to them.

Cash Security Is About Prevention

The same idea applies to your cash process; you want to use best cash practices and follow proper cash procedures.  In business you can reduce cash risk with good cash controls through removing opportunity and temptation.  While your employees may be honest, sloppy cash control is like leaving your car windows down at the mall… you are just begging for something bad to happen.

Read more...   |    3 Comments »

Small and medium-sized businesses rely on a steady, consistent stream of incoming cash – customers paying for goods and services with cash, checks, and credit cards. Many retail and service businesses have multiple people conducting cash transactions throughout the day. Creating a cash policy and cash procedure for important cash handling processes like cash drawer management, end of day closing, or cash in deposits, can be vital to protecting the life blood of your business.

Read more...   |    1 Comment »

The “finish line” — the $1,000,000 “prize”, cash savings for your business – is within sight.  In our articles on Inventory and Accounts Receivable, we found $250,000 worth of savings in each functional area.  We found another $250K could be saved in Sales and Marketing.  Accounts Payable is

Read more...   |    12 Comments »