Do you find yourself switching off when your Accountant starts talking about standard or cash accounting, debtors and creditors?
Avanti Accountants aim to speak with our clients in plain English, ensuring that when it comes to your accounts you’re switched on.
This week we are asking, what is a cash intensive business?
Cash intensive businesses are those businesses that have a high number of cash transactions eg restaurants, convenience stores, and pubs.
Beware -Cash intensive businesses can be vulnerable to money laundering due to the high number of cash transactions they receive.