Petty cash, also known as petty cash fund, is a small amount of cash on hand that is used for paying small, everyday business expenses. Examples of petty cash use includes payment for postage, phone cards, and reimbursing travel expenses. The amount in a petty cash fund will vary by organization – how much is […]
Category Archives: General
08
Mar
Mar
When you hire a new employee, it is good business practice to offer them a contract. A contract of employment can be verbal, or it can be written. Where most small businesses run into trouble is in their reliance on verbal agreements, opting not to use written employment contracts. This is problematic because verbal agreements […]
22
Nov
Nov
I work in Ridge Tower, in the financial district of Accra, Ghana. Ridge Tower is a high-rise building housing a bank, a leading property management company and some departments of the Social Security and National Insurance Trust. Around my office, you will find more high-rise buildings housing more banks, insurance companies, and other major enterprises. […]
01
Sep
Sep
Stop your email account and passwords from being hijacked by a total stranger Chances are this has happened to you or someone you know before: You receive a strange email from a family member, friend, or colleague, and you realize that their email account has been compromised. Millions of people every year have their email […]
14
Aug
Aug
Maintaining good records is essential for every business. And keeping those records is a legal requirement that, depending on your jurisdiction, you will be obliged to do for a specified period of time. But you shouldn’t just maintain records to meet legal requirements. Having accurate records can also help you do the following: ✓ Prepare […]
12
Jul
Jul
Each year, the Institute of Chartered Accountants Ghana (ICAG) classifies and ranks public accounting firms across the country into six categories: A1, A, B1, B, C, and D, with A1 being the highest classification available. In doing so, ICAG considers revenue, number of partners, and number of staff. The classification system is therefore an important […]
