If you don’t know what is going on you will suddenly have spent too much money.
When you get your salary at the end of the month you probably also make your little accounting in your head.
Then you have to consider what to do.
The only difference between a company and your personal accounting is the amount of money and the number of transactions involved.
With your personal accountancy you can manage to keep track of the money transactions in your head. In a company you need to put it on paper. Otherwise you will lose track of the transactions within a week.
To keep proper track of how much money is going in and out of the company you can use a computer based bookkeeping programme.
In this programme you register all the money coming in the company. And all
the money going out of the company.
If you do this registering in a proper way you will always be able to monitor how the company is doing.
At the same time you follow the financial legislation of the country.
- Go to next business issue: Accountability
Read your paper backward, sentence by sentence, as a final proofreading step. This technique isolates each sentence and makes it easier to spot errors you may have overlooked in previous readings.
- Claire B. May Gordon S. May