Undergraduate Thesis Bachelor of Science in Business Administration Major in Financial Management University of Rizal System Binangonan 2025

"This study primarily aimed to determine the cash management practices
of events place businesses in the First District of Rizal. The researchers included
the respondents' profile-age, sex, civil status, educational attainment, monthly
income, and length of service-and the business profile-forms of business
organization, years of existence, sources of funds, services offered, initial capital,
monthly revenue, and number of employees. Additionally, the extent of cash
management practices was assessed with respect to cash receipts and cash
disbursements.
A descriptive research method was employed. The subject of the study were the registered events place businesses in the First District of Rizal. The
data were gathered through a structured questionnaire checklist. This was
answered by either owners or managers of the business as they were the one
responsible for the management of their cash.
The findings of the study showed that the profile of respondents in terms
of age, 20 or 40 percent are 26 - 35 years old. While in terms of sex, 30 or 60
percent are females. In terms of civil status, 35 or 70 percent were married in
terms of educational attainment, college graduates got the highest number of
frequency which is 37 and equivalent to 74 percent. In terms of monthly income,
P20,001 - 25,000 and P30,001 and below got the highest number of frequency
which is 15 and is equivalent to 30 percent. In terms of length of service, 22 or 44
percent of the respondents have been in the industry for 1 - 5 years. With
regards to business profile the data shows that in terms of the form of business
organization, 35 or 70 percent of events place businesses were sole
proprietorship. In terms of years of existence, 24 or 48 percent of these
businesses have been operating for 6 - 10 years. In terms of sources of funds, 21
or 42 percent of respondents use owner's capital to fund their operation. In terms
of services offered, 39 or 78 percent of the respondents offered a swimming pool
followed by room facilities with 34 or 68 percent. In terms of initial capital, 27 or
54 percent of the respondents spent P600,001 to P1,000,000 as their initial
capital. In terms of monthly revenue, these events place businesses earning
40,0001 - P60,000 monthly with the frequency of 25 which is equivalent to 50
percent. In terms of number of employees, 23 or 46 percent of businesses have 6 to 10 numbers of employees. With regards to the perceptions of events place
businesses in terms of cash receipts and cash disbursements, it acquired an
overall mean of 4.61 and 4.33 respectively which was interpreted as ""Always"". As
the study goes further, the researchers found out that there is a significant
difference in the perceptions of the respondents in cash disbursement in terms of
monthly income in the respondents' personal profile. There is also a significant
difference in the perception of the respondents in cash receipts in terms of
sources of funds in the business profile. Lastly, there is a significant difference in
the perception of respondents in cash receipts in terms of monthly revenue. The
researchers developed a cash management framework which is based on the
results of this study and highlights the best practices of cash management of
events place businesses.
Based on the findings and conclusion presented, the following
recommendations are suggested: First, the events place businesses must
record their daily cash receipts to avoid errors and fraud. They must assign to
one skilled person the responsibilities of handling cash receipts, Second, the
management must strictly implement a policy of depositing all cash receipts and
daily collections in the bank at the end of each business day and considers
borrowing from outside sources in order to meet their current cash deficits. This
ensures the liquidity and profitability of the business. Third, the management of
events place businesses must consider 30-day payment terms to balance the
need for consistent cash flow and developing a strong customer relationship by
offering reasonable payment periods. In addition, preparing a settlement or payment terms can give flexible payment options and can reduce the risk of late
or missed payments. Next, events place businesses must await the financial
manager's approval before disbursing cash to ensure proper financial oversight,
maintain budgetary contract and prevent unauthorized or fraudulent transactions.
This will keep the company assets and financial health safe. Moreover, they must
consider Issuing checks when settling obligations as it provides a documented
record of payment, offering both the business and the recipient a clear audit trail
for accounting and legal purposes, which is often more secure and traceable
than cash transactions. With this, they can prevent disputes and ensure
transparency in financial dealings. Lastly, it is recommended that events place
businesses must adapt the best practices of cash management provided in the
framework of this study. These practices will help them to manage their cash
inflow and outflow property and maintain a positive cash balance for their daily
"