Explain how recording financial transactions can help to manage business finances.?

i am referring to a small newsagents, 3 line min.

Of course this is a homework question but we should still give some help. if financial transactions are carefully analyzed they can tell you which sales areas make most profit thereby allowing you to expand these areas and cut back on less profitable areas.

You're joking, right?? The answer should be so obvious that I can only conclude that this is a homework question and you've not been paying attention in class! Back to the books!

Well you need to record everything to have your business annual accounts to be drawn up by an accountant for HMRC and to identify what you can claim as tax exempt. xx

Tags

　　Debt Financing 　　Capital Investment 　　Business Investment 　　Business financing 　　Business Invest 　　Business Debt 　　Bond Investment 　　Angel Funds

Related information

How do i access business funds or loan to finance a business idea of mine.?

Not quite that easy. You need to develop your idea or business wish into a business plan. Use any search engine to find what a business plan is and how to make one. Secondly, you should have a ...

Who will finance small business?

your bank may

...

Finance in business administration?

Generally, the math is primarily no higher than algebra and statistics. At the graduate level, particularly Ph.D. the math can range into calculus. Math is typically not a problem in studying finan...

How do i finance my business?

Hi Dorothy, There's a few different places you can start. First, if you didn't already, get a business plan together. Whoever is going to consider financing your business, they'll...

Careers in Finance/Business?

Go visit this site. You will be able to look up the career and find out all the qualifications for any job. It can help you find a career that fits you.

...

Best way to finance business?

Look at your list of costs and see if you can hedge any of them. For example, if part of your costs are for office rental, can you run the business out of your home or garage? Entrepreneurs nee...

Economics, Finance, International Business . . . career?

I've got a BSBA in finance and international business, and a MS in Foreign Service, with a proficiency in Japanese. I've been employed in finance since graduation. Sounds like you&#...

How can I use my business credit to finance my plastic surgery?

There are ethical issues here. Unless you are the sole owner of the business and it requires your personal image to be improved, then I doubt you should do this with the company's good name. T...