![]() The major drawbacks of using cash memos are that they can be easily manipulated as they are handwritten. There won’t be any outstanding dues on the cash memos and hence making the working capital position of the business good. Cash memos are best for cash flow management as the business receives cash immediately after the sale. ![]() A cash memo is signed by an authorized person and hence is an authorised document. No computers or other hardware is required as cash memos are handwritten. A cash memo is a legal document and hence can be used for all bookkeeping and tax filings purposes. ![]() Cash memo is simple to use and is easy to keep track of all sale transactions. For small businesses, a cash memo is a handy tool to generate bills.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |