Maintain financial records
This course helps you to carry out various financial management activities of your business.
How to maintain financial transactions?
Accounting starts with the basic bookkeeping. As the business grows, you use ledgers to track transactions and then you post entries in an accrual-basis system. This information is used to compute taxes at the end of the year. Similarly, maintaining budget report helps to compare your planned revenue and expenses to your actual revenue and expenses. Balance sheet is another financial statement that depicts the overall value of your business at a given time. Thus, this course discusses different financial statements that interpret various results from various types of comparisons depending on the nature of the business. The types of frequency of reports depend on the nature of the business and its situation. This course is well-developed approach that enhances your skills in:
• Recording financial transactions
• Using manual or automated accounting system
• Planning and analysis to produce various financial statements
• Financial reporting
• Phases of debt collection
• Using sound credit policy to minimise debts