|So, you want to
by Bean Counter's Dave Marshall
|Introduction||Lesson 1||Lesson 2||Lesson 3||Lesson 4||Lesson 5||Lesson 6|
|If you don't take anything else
away with you from this Tutorial, you should now at least be aware
of the importance of managing and controlling the life blood of
your business - Cash !
What Did We Cover ?
Lesson 1 Recording Cash Transactions discussed and reviewed the different journals, records, documents, and forms used to record and keep up with the cash coming in and going out of a business. Sample journals, records, and forms were illustrated and discussed to show you what journals, records, and forms to use and how to use them.
Journals, records, documents, and forms discussed include:
Lesson 2 Petty Cash explained what Petty Cash is and how you set up, control, operate, and replenish the fund when it "runs out of cash". In addition, samples of the various forms and records used were illustrated and explained. A detailed example was also provided as an aid to understanding how to operate a Petty Cash Fund.
Lesson 3 Bank Reconciliation defined, explained, and illustrated common banking terms that you need to understand in order to accurately prepare a bank reconciliation. The lesson also discussed and explained what's involved, what records are used, and the detailed steps taken to properly prepare a bank reconciliation. In addition, the lesson had you, with a little help from me, actually prepare a bank reconciliation for a fictitious business.
Lesson 4 Cash Controls attempted to take the mystery out of what accountants call Internal Controls - specifically the internal controls that involve Cash. The lesson also presented some good ole common sense procedures to help monitor and control your cash.
Lesson 5 Cash Forecasts / Projections / Budgets discussed and explained what a Cash Forecast is, what's involved in preparing one, why you need one, how it benefits you, and what information and tools you need in order to prepare one. The lesson also provided you with my free Simple Cash Forecasting Template(Excel or free Open Office Spreadsheet needed to use). The Cash Forecasting Template was explained and used when you prepared an actual Cash Forecast for a fictitious business.
Once Again Your Humble Tutor
Cartoons in this tutorial
provided by Ron Leishman. If you enjoyed them, get some of your own