Effective Business Record Keeping

This workshop will:

• Explain the broad principles and procedures in accounting systems

• Explain why businesses need to keep and use financial information

• List what records will be needed to control and monitor the finances of your business

• Explain cash flow forecast, profit and loss statements, balance sheets, and describe what they should contain

• Help you identify which financial statements and statutory returns are relevant to your business

• Help you choose and use different accounting periods and financial years

• Help you choose and set up an appropriate accounting system for your business (manual or computerised)