It is an activity, occupation and process of keeping detailed records or account of events, program, history, storing documents and organizing business activities.

Record keeping work inline with bookkeeping, which is the process of recording transactions and events in an organization or business.

It is not the act of reporting everything for record sake but a selective process to keep track of a particular business operating system, it's problems and solution methodology.

Meanwhile, proper selective recording influences decision making and planning.

As a business man/woman, not all the event that happens in the market needs to be in the company's record book �.

Hence, Prioritize your record keeping and observe the activities that will support business growth and staff development.

Importance of Recording can not be underestimated, it includes the following;
• It helps to monitor the business progress
• Record keeping is a vital tool in planning and decision making.
• Documentation as a tool in recording helps to reduce the complication in tracking records.
• It serves as a business compass �, tell you where you are, where you were and how to get to where you want to be.

Don't be too busy for your business.
More attention is needed in financial recording for proper management of business resources.

© Elmer Emeka Obilor
Business Consultant

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