Short YouTube video (Donna Genie) arguing that businesses should consider going cashless. Key benefits cited: no need to carry change or make bank trips, improved security, reduced employee cash loss, and alignment with consumer preference for card/mobile payments (Apple Pay/Google Pay). The speaker also advises against accepting checks and includes a promotional sign-off from Donna Bordeaux (pyopaccounting.com) with contact and social links.
Do you still accept cash as a form of payment in your business? I want to talk to you about why you might want to consider going cashless. In a cashless situation, you don't ever have to worry about going to the bank and having a certain amount of change or ones or any cash on hand. You also don't have the problem of security of dealing with the cash. And if you have employees, you don't have the problem of cash evaporating. I have not used cash to pay for something on purpose in many, many years and I don't think I'm an unusual case. Most people carry a credit card now with the advent of Apple Pay and Google Pay. Make sure you're able to accept those. But most people prefer not to carry cash. There are some older population who still deal with cash and many think that they are helping you get away with something and not reporting in taxes. Please don't do that. You're just devaluing the value of your business by doing that. So think about should I just get rid of dealing in cash? And heaven forbid, I hope we're past the days of accepting checks. Nobody should be doing that anymore. In a business situation, there's just no need for that. So look at the methods of payment that you accept and determine whether your business can go cashless now.
Donna Bordeaux with pyopaccounting.com Please follow us on Facebook and Instagram. Make sure you check out our blog and our website from the link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. To contact me, email me@donnapyopaccounting.com.
