Asset of the Business

[raaman]

Loyal customers are an important asset of the business. They have repeatedly bought your product and contributed regularly to the growth of your business. Therefore, you should not miss or lose a sale and customer, in the midst of competition.

There is nothing wrong with giving awards to customers who are loyal to the business by responding to customer input and giving gifts directly to their purchases. Once this product marketing strategy goes well, you also have to start managing your finances well.

It is because, with good and proper financial management only, the business can continue to grow higher and higher. For this purpose, you can use an online accounting software provider that will help you deal with your business finances better.

 

[Kingsley]

In the accounting equations we see capital as what we use in starting the business but right in the capital we have both assets and liabilities. I will focus on assets, assets are those items that brings about further wealth for the business, they could be fixed and current, fixed asset are land& building, premises, machinery etc while current asset are cash, bank, debtors etc.