Accounting and Bookkeeping: The Basics of Financial Management
The finance management goals can be met only when following
steps are taken care of in a well-organized manner.
Keep All Your Financial Transactions Receipts
All the fixed incomes and expenses by an organization are in their
financial receipts. So be it a hard copy or a soft copy, keep all your
receipts. All the sales were done and the profits earned by a business
should have a separate record which states the amount, date, and
purpose of the transaction. To maintain proper receipts, your first
business purpose is to invest a few Australian dollars into installing
an accounting and bookkeeping system that meets all business
requirements.