In this episode of the Accounting and Bookkeeping Show, Jane and Tom explore the critical strategies businesses need to effectively manage and protect their cash. They discuss internal controls, secure banking procedures, and best practices for handling both cash and cheques. Whether your business deals with daily cash receipts or electronic payments, you’ll learn practical steps to reduce risks and ensure financial accuracy. Tune in for expert insights on keeping your business’s cash flow secure and efficient!

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In this episode of the Accounting and Bookkeeping Show, Jane and Tom dive into the essentials of working effectively in teams and planning for success. They discuss how to determine and manage tasks, create effective work plans, and prioritize responsibilities. You'll also learn how technology can streamline team communication and enhance financial processes. Whether you're working solo or part of a team, this episode is packed with practical tips on collaboration, feedback, and adapting to today’s fast-paced accounting environment. Tune in for insights that will help you stay organized and efficient!

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In this episode of the Accounting and Bookkeeping Show, Jane and Tom take a deep dive into the fundamentals of ledger accounts and the trial balance. Whether you're new to accounting or need a refresher, this episode covers everything from the differences between journals and ledgers to the importance of preparing a trial balance. Plus, Jane and Tom answer listener questions about how often to prepare a trial balance, what to do when you can't find errors, and which tools can simplify your accounting process. Tune in to sharpen your accounting skills!

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In this episode of The Accounting & Bookkeeping Show, hosts Jane and Tom are joined by special guest Nora, the owner of the popular pizza chain Pepperoni Paulie’s. Together, they explore the ins and outs of managing a petty cash system, an essential tool for handling the small day-to-day expenses that every business encounters. From setting up a petty cash fund to maintaining accurate records and ensuring proper reconciliation, they break down the best practices for keeping those minor expenses under control. Whether you're running a small business or managing finances in a larger organization, this episode offers practical tips and insights to help you handle petty cash with confidence and precision. Tune in and learn how to keep your petty cash in check!

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In this episode of The Accounting & Bookkeeping Show, hosts Jane and Tom delve into the essential strategies for effectively managing accounts payable. From developing robust policies and procedures to reconciling supplier statements and controlling business credit card use, this episode covers all the critical aspects of accounts payable administration. Jane and Tom discuss how to monitor accounts payable to ensure timely payments, conduct reasonableness checks to prevent errors and fraud, and handle supplier enquiries to maintain strong relationships. Whether you're looking to refine your accounts payable processes or ensure compliance with best practices, this episode provides valuable insights to keep your business financially sound and organised. Tune in and learn how to take control of your accounts payable with confidence!

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In this episode of The Accounting & Bookkeeping Show, hosts Jane and Tom take you on a comprehensive journey through the critical processes involved in managing accounts receivable. From developing a robust credit policy to monitoring overdue accounts, they explore the essential strategies that ensure your business maintains a healthy cash flow. Learn about setting effective credit terms, approving customer credit, recording transactions accurately, and handling late payments. Jane and Tom also dive into the intricacies of resolving disputed accounts, identifying doubtful debts, and implementing debt recovery plans. Whether you're looking to refine your current practices or gain new insights into accounts receivable management, this episode provides the tools and knowledge you need to keep your business financially secure. Tune in and discover how to navigate the complexities of accounts receivable with confidence!

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In this episode of The Accounting and Bookkeeping Podcast, Jane and Tom tackle the essential process of Bank Reconciliation. Jane, our accounting expert, breaks down what bank reconciliation is, why it’s crucial for maintaining accurate financial records, and how it helps you catch errors and discrepancies in your accounts. Tom, as always, asks the questions you’re thinking, ensuring that even the most complex concepts are easy to grasp.

Together, they walk you through the steps of reconciling your bank statements with your accounting records, sharing tips and tricks to make the process smooth and stress-free. Whether you’re a small business owner or just starting in bookkeeping, this episode will equip you with the knowledge to keep your books balanced and your finances in check. Tune in and get ready to master bank reconciliation!

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In this episode of "The Accounting & Bookkeeping Show," hosts Jane and Tom dive deep into the world of subsidiary ledgers and their crucial role in maintaining accurate financial records. They break down what subsidiary ledgers are, how they work in tandem with control accounts, and why they are essential for businesses of all sizes. Whether it’s tracking accounts receivable, managing creditors, or keeping tabs on inventory, subsidiary ledgers provide the detailed insights needed to keep your finances in order. Jane and Tom also explore common errors, the reconciliation process, and how understanding these ledgers can prevent discrepancies in your books. Tune in to discover how mastering subsidiary ledgers can elevate your financial management to the next level!

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