Business and Personal Finance: Recording Your Outgoing Cash

Always Know Your Cash -Recording Your Outgoing Cash Whenever you pay out cash (even if you do it by writing a check), you record that transaction in your cash disbursements journal. This special journal helps you track your outgoing cash as simply as possible by including special columns for the accounts you use most. The … Read more

Business and Personal Finance: Earning Profits but Out of Cash

Always Know Your Cash – Earning Profits but Out of Cash One of the most baffling accounting occurrences for the newly initiated is when their company shows a clear profit, but their cash is running frighteningly low. New business owners often confuse making money (i.e., earning profits) with having money. However, profits don’t always mean … Read more