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.
Tamara was a business owner, just like you who struggled with record-keeping.
But in just one-hour, she learnt how to keep all the records in her business.
Here is how she now keeps her daily sales record. You should learn from her.
She goes further to summarize her daily sales like this.
The Summary record helps to show a quick picture of how the business sales is going.
Did you notice how it took you only one minute to learn the proper way to keep your sales records from Tamara’s example?
Did you also notice how you learnt to summarize the sales records too?
Yes, record-keeping can go from being a night-mare to such an joy.
HERE’S THE SECRET NO ONE TOLD YOU: The easiest and quiet way to learn record-keeping for your business is to find someone who can break it down in very very practical, yet simple terms.