Read about the objective of this topic here

source: https://youtube.com/shorts/HJ51mu1K9Fw?feature=share

This topic looks at the importance of record keeping for financial management. Start-ups usually struggle to raise the money needed to get started. Controlling cash flow and avoiding losses is therefore crucial. Record keeping helps to understand where areas of loss might be. This is necessary to take swift action. Having all the information at hand is key for good decision making and staying on track. Nowadays a number of low-cost accounting softwares are available to assist. However, understanding how these programs need to be used is still important if you can't afford an accountant yet.

At the end of this lesson, you are expected to know how to set up your accounts in an accounting system and how to use different tools to control your finances.