In business, money moves so quickly that this can create conflision and panic. You face the danger of losing control of your money if you do not keep an eye on its every move.

As an entrepreneur, you should be familiar with the procedures in preparing simple accounting records. It is a must that you speak the language of an accountant. However it is not enough to that you know how to make the figures, you should also know how to interpret them and use them to assess the financial position of your business.

There are many good reasons why you should keep a recording system. Here are some:
 

• Day-to-day accounting records enable you to keep track of your business.
• You can easily detect any sign of financial ill health and take corrective action before it's too late.
• You can't always be around when somebody (a client, a bank executive, or an employee) needs an important piece of information. But your records will always be there.
• And more importantly, you save valuable time by not having to hunt in your memory the financial information you need, or develop it on the spot.

The record keeping and report preparation service package aims to instill in the entrepreneur an appreiciation for keeping a recording system, and to assist him or her on how to install it.

The service is available both:
 

• As a coaching package, after which the client should be able to do his or her own recording, and
• As a bookkeeping service, whereby CSE's finance and accounting unit do the bookkeeping for the strepreneur at a standard fee.

The client receiving the service  shall be assisted to:
 

• Make management decisions
• Compete in the market place
• Monitor performance
• Keep track of expenses
• Eliminate unprofitable merchandise
• Protect business assets
• Prepare financiual statements

The Record Keeping and Report Preparation Service Package in a Nutshell

This service package introduces the entrepreneur to the world of debits and credits.  It explains what an account is and how it helps in the recording process.  It leads the entrepreneur to the basic steps in the recording process - in making journals, in preparing financial statements such as a trial balance sheet, and in analyzing financial information.