What is a cash book and why do businesses need one?
In a business, transactions occur both in cash and on credit, and cash transactions are recorded in the cash book. Cash book is a form of the ledger in which businesses record all cash in and cash-out transactions and manage their business finance. Traditionally, businesses maintained their cash book using manual methods like pens and registers, which was difficult and time-consuming. But due to advancements in technology, businesses have shifted towards using digital cash books like Udhaar Digi khata.
Cash book is important for your business as it will help you track your business expenses and incomes and create ledgers. By using a cash book, you can manage your business finances like the total profit earned or what is the net cash balance. Using pen and register to make ledgers of income and expenses can be difficult, and also, there are chances of human error. Instead, it would be best to use Udhar Digi khata, which has the feature of a cash book. This will help you to do real-time calculations. With Udhar cash book, you have to add the cash in and cash-out transactions and have your cash ledger automatically. With Udhar, you don’t need a calculator or register to manage your cash or business finance.
Moreover, maintaining a cash book can allow you to get daily, weekly or monthly business reports. With Udhaar Digi khata, there is no need for you to spend hours balancing income and expenses using manual methods. Udhar khata book’s cash book feature automatically calculates the cash in and cash out and gives you the net cash balance and the profit earned. With the Udhar cash book, you can get daily, weekly, and monthly business reports at your fingertips. In addition to this, with the Udhar Digi khata cash book feature, you don’t need separate registers to manage bookkeeping for personal and business accounts. There is a multi-account option in cash book that lets you easily create different ledgers for personal and business expenses. With the Udhar Digi khata app, you can manage them both from one app and save time. You can download the Udhaar Digi khata app on Android and IOS.