Is Petty Cash Still Necessary in the Age of Cashless Payments?
In today’s world of digital wallets, tap-to-pay systems, and mobile payment apps, the concept of carrying physical petty cash seems almost outdated. Businesses are adapting to this shift, embracing cashless payment methods that offer speed and convenience. Yet, despite these advancements, maintaining a petty cash float is still essential for many small businesses. Let’s dive […]
Why Your Small Business Needs an Inventory System
One of the biggest challenges that SMEs face is managing and controlling their inventory. Often, small businesses have no system in place and rely on memory to determine what should be on the shelf and when to order new or additional stock. Alternatively, they may use a very manual, labor-intensive system. In this comprehensive guide, […]