Money. Profit. Business. Whether directly or not, everyone has a money or business situation lurking somewhere. Doing business is one of the popular ways to hit the rich status landmark. And when we talk about business, along with it comes major and minor challenges that can grow or bring down any multimillionaire idea. That is…
It is an unspoken business rule to review the financial books every day, usually at closing hours. And the why is so that the business owner can know exactly how much sales were made and how much expenses were incurred. The life of a business owner is usually between making profit and incurring expenses. While…
The soul of any business whether a large, medium, or small scale is funding. Capital becomes a crucial oxygen upon which a business thrives. For most successful businesses around the globe, a major landmark in terms of growth comes as a result of funding from investors, capital loans, grants, and many more. If money is…
There are three key things a business owner is always trying to keep in shape. Getting Sales Retaining Customers Managing Finances The first goal of every business irrespective of size is to gain profit by recording great sales. However, in the race to get sales in the highest number, business owners might lose track of…
From having one sale as a business owner down to many other sales that will follow suit, it is crucial that you keep a record. It is expected that a business that is just starting out might have few records to keep. That does not mean you can boycott proper accounting as a business owner.…
One of the things starting a business might not prepare you for is how to chase your customers to recover your debts. Starting out as a small business, there might be times when you allow customers to pay for an item later. Sometimes, the process of recovering these debts can take time and effort especially…
The moment you are in business whether big or small, you need the barest knowledge of accounting to operate. Bookkeeping is the practical life of a business. To sustain your business, you need to keep records to ascertain how well your business is doing financially and how you can adjust to accelerating growth. “Bookkeeping has…
The reason for keeping records is so that at the end of every period you can see your scoresheet. Or let’s call it sales sheet. Scoresheet in the sense that you get to know how your business is performing during the period. For business owners, there are chances to lose out on record keeping. This…
