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Keeping Basic Records: A Practical Guide for Market Traders & Artisans

Financial Literacy • Public Awareness Series

Keeping Basic Records: A Practical Guide for Market Traders & Artisans
Financial Literacy

Campaign Overview

Simple, daily recordkeeping practices that take 5 minutes but reveal whether you are making a profit, losing money, or overspending on stock.

Key Practical Takeaways

  • Separate family and personal cash from business shop money.
  • Maintain a Daily Sales Ledger to record every cash and transfer inflow.
  • Keep an Expense Log for transportation, electricity, packaging, and raw stock.
  • Perform a weekly stock check before ordering fresh merchandise.
  • Track credit customers (debtors) with clear agreed settlement dates.

Frequently Asked Questions

No. A simple dedicated notebook or mobile phone note app is all you need to start.

Banks and cooperatives require evidence of consistent daily sales before extending credit.
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