Toolkit: Simple Book Keeping and Costing for SMEs in Footwear Making - Common Market for Easter and Southern Africa Leather and Leather Products Institute

Every business deals with money to pay for expenses, buy equipment and stock, receipts from sales and so on. These transactions are either in cash or credit (promise to pay or be paid later). Financial management would therefore involve recording of business activities that are of financial nature (bookkeeping), organizing and summarizing this data and presenting it in reports for use by stakeholders. The first and most important user of this information is the owner of the business.