Management of Cash:
In financial management, the management of cash can simply effect on your working capital optimization. When management of cash is not good, you will not do well to manage your working capital. Therefore, you must understand regarding the meaning of management of cash.Meaning of management of cash:
Cash is the most liquid asset just similar to petrol. Therefore, it is very simple that someone can take it from your control. The management of cash teaches us to control cash in such a manner that:
i) No one can get it devoid of our permission.ii) It is sufficient for operation of company.iii) Enhanced system of collection and payment of cash
Management of Cash is the function of treasury department of company. Following are major things which are needed for appropriate management of cash:
A. Bank Reconciliation:
In now days, all business deals are accomplished with banks. You have so many cheques to go to bank for collection and number of cheques are issued to other parties. However, you cash book does not match with your bank statements. For appropriate cash management, you must learn bank reconciliation. It means to take care the causes of not matching cash book with bank statements.
B. Management of Online Cash:
Your business might be fast online just similar to e-bay or Amazon. All such sites give you secure payment section for buying products. However, their treasury department has to do hard work to administer online cash. All online cash is watched by the treasury experts.
C. ATM Transfer:
Even ATM transfer can be found from the bank statements. However special care of ATM transfer will be obliging to your for better management. Company's officer might use ATM transfer for paying money to abroad staff. Therefore, treasury audit officer must check whether it is issued to correct employee by appropriate authority.
D. Proper Transfer of Store or department cash:
When there is big number of stores of your company, at that time, appropriate transfer of store cash to head office is very essential. Only use single bank account for all stores is not a good method. Use different bank account for various store or department. When transfer the money to that bank account, it can be tracked. After all different banks transfer to chief bank account.
Latest technology based Finance Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Finance help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Finance, project ideas and tutorials. We provide email based Finance help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Finance. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Finance Homework help and assignment help services. They use their experience, as they have solved thousands of the Finance assignments, which may help you to solve your complex issues of Finance. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
tutorsglobe.com streptococcus pyogenes assignment help-homework help by online medical bacteriology tutors
composite video signal contains camera signal consequent to the wanted picture information, blanking pulses to create the retrace invisible and synchronizing pulses to synchronize the transmitter and receiver scanning.
efficiency ratios are employed to try to assess how effectively the several resources of the business are managed.
tutorsglobe.com activation of fatty acids assignment help-homework help by online oxidation of fatty acids tutors
identification of the fault in specified tv receiver - switch 'on' the tv receiver. if the picture on the screen is with snow and noisy sound, then go to the subsequent step. it verifies the receiver has snow picture fault.
Social Insects tutorial all along with the key concepts of The Termites, Castes in Social Insects, Behavioral Adaptations of Termites, The Bees and Behavioral Adaptations of Bees
tutorsglobe.com types of gene interaction assignment help-homework help by online epistasis tutors
Reproduction in Gymnosperms tutorial all along with the key concepts of Microsporangia and Megasporangia, Reproduction in Gymnosperms, Male Gametophyte, Female Gametophyte, Pollination, Fertilization, Seed Development and Seed Dispersal
tutorsglobe.com uniporter catalyzed transport assignment help-homework help by online passive transport tutors
tutorsglobe.com types of heterosporous plants assignment help-homework help by online characteristics of pteridophytes tutors
The insulation given between layers also the space among turns in the interior of the coil consists of substantial amount of air spaces.
Testing-Analysis of Polymers tutorial all along with the key concepts of Simple identification tests, Sophisticated Instrumental Techniques, Direct observation
tutorsglobe.com attainment of equilibrium in chemical reactions assignment help-homework help by online chemical equilibrium tutors
tutorsglobe.com endoscopy methods assignment help-homework help by online medical lab methods tutors
tutorsglobe.com transamination assignment help-homework help by online metabolism of proteins tutors
1961372
Questions Asked
3689
Tutors
1453796
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!