At times like these when our economy is not at it's best, it can be very easy to justify not investing money in our businesses. Surely we should be cutting back on expenditure when our sales are not as high as they should be? In certain circumstances this may be true, but when the management of your finances is even more important, it may be worth taking a little time to consider the procedures you have in place.

Is your cash register/EPOS system working at it's best for you? Are you staff inputting the correct prices? Are the financial reports detailed enough for your accounting requirements. Cash registers do not just need to be replaced when they break but also, when they are not adequate enough for your needs.

A customer of Elliott Business Equipment (a busy nightclub) was still using a basic form of cash register which relied on all the staff to know the up to date prices of all the drinks they sold. The management then decided to... Read more