Friday, 27 June 2014

RECORD/BOOK KEEPING IN BUSINESS (4)

By Oladipupo Clement
stop carrying your company cheque book everywhere you go, except you are still operating a mobile office.
STAY INSPIRED!
6. RECORD/BOOK KEEPING IS OF NO USE IF IT IS NOT ACCOMPANIED WITH PERIODIC REVIEWS AND TURNAROUND DECISIONS.

7. HAVE PERIODIC MEETING FOR FINANCIAL EVALUATION WITH YOUR MANAGEMENT TEAM. 
I suggest you meet at least once a month. This way, you are able to redirect attention to where it is most needed.

8. SEPARATE YOUR PERSONAL FINANCE FROM BUSINESS FINANCE. 
Put yourself on a fixed salary or income. This way, you are able to meet your personal obligations without corporate infringement and at the same time, you are able to document your personal income and expenses separately. Personal book keeping is supposed to be separate from corporate book keeping. Again, stop carrying your company cheque book everywhere you go, except you are still operating a mobile office. 

Please feel free to send in your questions, comments and suggestions.
Till we meet again next month, Enjoy the rest of the month.

NOTE:
Be part of the solution in your little corner or sphere of influence!
Take the practical step toward making Nigeria a better and richer nation.
MAKE A DIFFERENCE!

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