Thus an extended portion of the series is starting today with discussion on book-keeping meaning establishing a standard accounting system for an MSME.
We had also listed the key elements of the sound financial management practices to include, setting up or opening a business bank account; creating and maintaining a budget, establishing an accounting system and book keeping method and this would be subdivided into two other practices, viz, account review and establishing a credit control system.The last content on this series focused on creating and maintaining a business budget.