Taisha Associates, an accounting and management consultancy firm, has said that small and medium scale businesses that need finances for expansion from banks need to have proper bookkeeping method. The Managing Partner, Taisha Associates, Taiwo Popoola, said this during a virtual event while making a presentation titled ‘ABC of effective bookkeeping for MSMEs’ on WednesdayHe said, “Thinking of expanding your business? He also urged the entrepreneurs to choose a bookkeeping system, categorise, organise and store documents transactions. The financial expert said that if the bookkeeping duties was getting bigger, the sme could hire a professional to handle it. Paying attention to financial statements was a great way to assess the growth of the business, he said.

Source: Punch June 30, 2021 23:26 UTC