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This is Part (II) of two parts, because the original post seemed to be getting long. In Part (I), I had tried to identify some of the common difficulties that can arise and problems that can stir up during the bank reconciliation process. In this part, I will discuss ways in which I overcome each of those situations and provide you with some tips to help make reconciling your banks and cash accounts easier.

Reconciling - Computer Cheques

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Top Five Reasons Why A Business Might Want To Use A Petty Cash Fund

1) The owner does not have to be available 24 hours to write a cheque for every little expense all of the time
2) To have the ability to make change for your customer wanting to pay an invoice on account
3) To reimburse an employee replenishing office supplies they had purchased for the business
4) To systematically keep track of all cash purchases in one logical place
5) To give an employee greater responsibility in helping running the affairs of the business

Top Five Reasons Why A Business Might NOT Want To Use A Petty Cash Fund

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