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How to manage business funds
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[QUOTE="btaliat, post: 338989, member: 26390"] It is true that any serious business owner should learn how to monitor the way business fund is spent. There should be accountable record to show how and what these money are spent on. There are different ways of doing this. Having the knowledge of Balance Sheet, Trade, Profit and Loss Account and others will take care of this aspect. Apart from this, it is mandatory on the business owne to do away with selling on credit to avoid bad debts. There are many bad debts that have caused the closing up of a business firm because of improper management. [/QUOTE]
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