Record-keeping is the earliest accounting duty of a business owner.
Every business should keep records of its financial activities like sales, expenses, purchases, debtors, suppliers, cash, inventory and many more.
A business that has good records can raise funds very easily.
A business that has good records would not get into trouble with the taxman because it will file all the right taxes and stay clean.
A business that has good records empowers the business owner to make the best possible decisons.
Less than 10% of business have good record-keeping.
It is such an important topic that you should count yourself lucky for finding this quick tutorial.
In this quick tutorial, you will learn how Tamara, who runs a vegetable farm in Jos, Plateau state, keeps her sales records.
You will see the simple things you have been doing wrong with your own record-keeping and you will immediately be able to make modifications right away.