Ocampo: Cash Management

CASH is the beginning and end of the Business Cycle. Assets of a business came from cash (excluding donated assets); and these assets are financial items waiting to be expensed to earn a revenue and profit. For example, cash is converted as a manufacturing machinery to increase production and sales volume and grow profits.

As such, cash, being one of the most valuable resources of business entities, including Local Government Units (LGUs), has to be managed and optimized for a cost- efficient and cost-effective business operation so that more revenues will be generated and more profits earned. This realm in business is called “Cash Management”.

The Cash Management Cycle begins with the receipt of cash which is then secured in the business vault until it is deposited in the bank and disbursed to fund the business’s operation or distributed as profits to business owners.

Cash is received from the following sources:

* Investments of stockholders

* Sale of the business’ products

* Services rendered

* Sale of fixed assets that are no longer used in operations

* Sale of inventories, other than finished goods inventory, that are no longer used in operations

* Interest and dividend income received from investing activities of the business

* Rental and other passive income

* Donations and grants

Cash coming from various sources is received by the business through its employees; while some are directly credited in the business’ bank accounts. Cash is received either from a customer, client, buyer, lessee or donor by the business’ collector or salesman that is then remitted to the business cashier for safekeeping until it is deposited in the bank. This process is part of the “Sales Settlement and Cash Deposit System”. Cash handling has a lot of risks involved. Hence, policies, procedures or processes have to be in place to ensure that cash is safeguarded and ultimately deposited in the bank.

In a Family set-up, cash is also the beginning and end of a Family’s Financial Cycle. Family assets come from cash with some assets coming from relatives and friends as gifts. Assets are financial items waiting to be expensed to earn a revenue and profit; but in a family set-up, cash is converted to assets mostly for the purpose of family enjoyment and personal use, and a small amount, if any, is used to grow the family coffer.

For example, cash is often used to buy the best TV brand, the latest mobile phone and other electronic gadgets that are usually for personal use and become outdated in a few years. The most significant use of the family cash is the purchase or construction of a family house especially in a high-end subdivision. A family house is not an investment as it does not earn; rather, it is a liability because it incurs expenses.

The sources of cash by families not engaged in a business usually come from the following:

Salary as a white-collar or blue-collar worker of a registered business

Income, salary, commission and/or service fee earned in an underground economy or sometimes called informal or unreported economy, such as fee or salary received by skilled and unskilled workers and sale of products or items by street vendors that are not reported to the BIR.

Cash handling risks are not significant as cash is directly received by the family. The evidence of cash earned is the Pay slip. A small amount of cash, if any, is left and deposited in the bank because the cash received is spent immediately for family needs (and wants). The problem in most Family’s Financial System especially those in the lower middle and lower class may be due to insufficient revenue and improper spending. The best practice of a business of optimizing the use of cash to grow revenues is worth adopting.

 

http://www.sunstar.com.ph/pampanga/business/2013/07/30/ocampo-cash-management-295265

 

a few nights in the new hotel rooms situated right on the lake of Clearwater Resort in Clark Airbase.   Many visitors and tourists enjoy the feeling of waking up by the lake.  The sunrise produces a spectacular sight with the sunlight reflection on the calm surface of the three-hectare fresh water lake of this famous resort in Clark.

 

Families with small children prefer outdoor hotel in Manila, clean and safe place in Pampanga Clark to bring kids to relax and unwind.  Outdoor space is an important criterion affecting the selection of a suitable hotel in Clark Pampanga for family bonding or to relax and unwind with friends.  Best hotel in Clark Pampanga offers good outdoor facilities, large picnic grounds, lake and beach and other outdoor amenities making it possible for guests of this frequently visited hotel in Clark to relax and unwind with no stress.

 

The safest getaway destination vacation spot near Manila convenient safe and accessible is Clearwater Beach Resort in Clark Pampanga, great for family bonding, hang out to unwind and relax near lake and trees, camping too.

 

Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion

 

Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines  for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.

 

 

You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.

 

Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.

 

 

Looking for a party venue in town?

Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.

 

When in Clark, make plans to relax and enjoy an evening at The London Pub located in Mimosa Leisure Estate of Clark Pampanga.  This highly recommended resto bar where all the local executives of Pampanga, local and foreign tourists visiting Angeles City, Subic and Clark Philippines gather after a full day of fun or work.

 

Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?

Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga

Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.

One of the Philippines top hotels in north Luzon.

 

The London Pub is a very popular resto bar for residents, tourists, business executives and visitors from Manila to hang out, drink, relax and unwind after work or a game of golf during the day.  Fine English cuisine, family comfort food is served.  It is also very famous for the best fish n chips in the Philippines.

<a href=”http://www.LondonPubClark.com”>http://www.LondonPubClark.com</a>

 

This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines.  There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.

 

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

 

For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to <a href=”http://www.HotelClarkPhilippines.com”>http://www.HotelClarkPhilippines.com</a>

 

 

While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

 

<a href=”http://www.ClarkWineCenter.com”>http://www.ClarkWineCenter.com</a>