Finances can be quite a headache. However, when you think about it, financial management has efficient benefits in the long run. Financial management is indispensable in running a business. Businesses also need transparency of money in and out. From the unrest in the UMKM business, Whitespace in this episode raises tips on financial managing on that business scale. No matter how big or even small a business is, financial management is a basic thing that must be considered.
Thinkers! Financial records are indeed very important for businesses, both small and large scale. By recording all financial activities, we can monitor business finances so that they can continue to progress. There are two ways to record finances, manually and digitally. Both have advantages and disadvantages that need to be considered before deciding which one is right for your business. Do you usually record your business finances manually or digitally? What do you think are the advantages and disadvantages of each method?
