Cash Control and Banking
Published on Dec 02, 2015
No Description
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PRESENTATION OUTLINE
cash
not only bills... bank balances, credit card vouchers-any bank deposit
different ways to pay a business
business has many ways to pay vendors, employees too
Photo by epSos.de
I can buy a computer with my credit card, cash, debit card... both parties are exchanging something of value
Photo by Robert S. Donovan
easy to make transactions face to face
Photo by CarbonNYC [in SF!]
issues with cash transactions
Photo by Great Beyond
portability and security
awkward and potentially dangerous
cheques
non-cash transaction
payment of money is delayed here
stages before it's finalized
CHEQUES not anonymous
Photo by Stuck in Customs
not sufficient funds (Nsf)
'bounced' not enough money in account
credit cards
pre-arranged spending limit
three parties involved
- holder of card
- vendor
- issuer of card (bank for example
if you don't pay issuer back...
interest! debt!
generally safe and convenient
be careful for fraud, online issues, theft
point of sale (POS)
direct transfer from your bank account to business
