Category Archives: Cash Management

Posts about how best to manage your cash in a small business.

A Small Business is not a little Big Business – Part 2

In the previous post Welsh and White (1981) argued that just the size of small businesses creates special conditions “which can be referred to as resource poverty – that distinguishes them from their larger counterparts and requires some very different management approaches”.  Small businesses usually cannot afford to pay for the professional services they need to implement… Read More »

A Small Business is not a little Big Business – Part 1

Back in 1981, John Welsh and Jerry White wrote an article for the Harvard Business Review* using the catchy title above.  For any small business it is worth a read even though it was written so long ago.  The thinking at the time was that small businesses should use the same management principles as big… Read More »

To Map or not to Map …

If your accounting system has been around for a while, you will have many general ledger accounts. New accounts were created when you needed to watch a particular expense for a period of time or your bookkeeper created a new account to allocate an unknown expense when you were overseas that time.  It has stayed… Read More »