Carpon
Valued Contributor
So many people disregard record keeping nowadays and decide to shift it aside even in business. But of course business record keeping is very important and has a lot of advantages attached to it. Here are some ways in which it's advantages play out.
✓ Record is what will help you know the status of a business. Without record, you won't know your business's income, expenditures, losses and profits. This makes record keeping very important in business decision making.
✓ It helps in tracing faults. Some business workers may take advantage of their position for their personal gains. When records are properly kept, it can be helpful in detecting such sort of things and tracing their root source.
✓ Records are also helpful in the aspect of making improvements on business. You can see the areas a business need to be improved upon from it's previous records and make the necessary improvements. This is possible because record is been kept.
✓ Record is what will help you know the status of a business. Without record, you won't know your business's income, expenditures, losses and profits. This makes record keeping very important in business decision making.
✓ It helps in tracing faults. Some business workers may take advantage of their position for their personal gains. When records are properly kept, it can be helpful in detecting such sort of things and tracing their root source.
✓ Records are also helpful in the aspect of making improvements on business. You can see the areas a business need to be improved upon from it's previous records and make the necessary improvements. This is possible because record is been kept.