There are those little expenses that are not paid using cheques or bank transfers; they are paid in cash.
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Chioma is a brilliant accountant and entrepreneur who passionately loves small businesses.
She had an exciting 11-year working career, as an accountant, starting from PricewaterhouseCoopers, and going on head the finance/accounting functions in several organizations, including Jumia Nigeria.
In 2016, Chioma went on to launch Accountinghub, a tech-accounting firm, focused on serving top-quality bookkeeping and allied accounting services to small business, at prices they can afford.
She built an online accounting shop (www.accountinghub.ng/shop) which allowed businesses access to accounting services, by simply choosing the service they wanted and paying for it, online.
Till date, Accountinghub has served over 400 businesses and trained well over 2000 business owners.
Chioma says she is on a mission to reinvent the way that small business owners access help with their accounting and tax needs in Nigeria; using the power of story-telling and technology.
While learning to run Accountinghub, Chioma developed huge love for entrepreneurship and shares this with other people in business, as well as people looking to launch businesses, via her facebook page, using the hastag #chiomasbusinessschool.
She challenges old ways and believes there can always be a better way of doing things. She implements accounting systems for businesses in a record-period of 24 hours, she grew a massive stocktaking community of over 2000 people and automated the accounting system for over 250 businesses within 2 years.
Chioma is well-known as Nigeria's small business accountant and the No. 1 expert in deploying cloud accounting tools.
She is a Chartered Accountant of 13 years and a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).
StartVideo Course-How to manage your petty cash (11:38)
StartDownloadable Petty Cash Excel Template
StartSome more readings for you on Petty Cash Management for your business
StartPetty Cash Policy-editable format-MsWord downloadable document
StartPetty Cash Policy-PDF downloadable document
StartUsual Expense Categories for petty cash-PDF downloadable document