Inventory control is the processes that make the greatest level a company’s use of the inventory of materials. The purpose of inventory control is to produce the maximum profit from the least amount of inventory of material. Inventory control consists procurement, think about and outlook of the material. There are three types of inventory Raw material, in process Goods, finished goods. (more…)
Journal
A type of document for recording transactions in sequential order is called a Journal, in which transactions are recorded by date and amount.
Journalizing
Once a transaction is recorded in Journal, it is called journalizing. (more…)
Customer management includes all the systems, processes, application that a company designs or adopt to manage their customers. Customer management is also conducting research to understand customer behavior, buying decisions, and demographics.
Customer Management as a Goal
Customer management is an important goal for successful business, it helps to retain and develop the base of core customers. Customer management lets firms know if their services satisfy customer requirements or not. (more…)
Customer Acquisition
It refers to the process of acquiring new customers, it involves convincing customers to buy company’s product or services. Companies think about the cost of acquiring customer as very important measure
In determining how much customers bring value to their businesses, you can understand customer acquisition management as a link in between advertising and customer relationship management. (more…)
INTERNAL CONTROL Internal control’ is meant not only as an internal check and internal audit but the whole system of controls, financial and otherwise, established by the management in order to carry out the affairs of the Business/Business in an orderly manner, to safeguard its assets and to secure, as far as possible the accuracy, reliability and timely preparation of its accounting records and financial statements.
There can be no effective internal control without an adequate Business plan. This involves the separation of the Business’s operations into appropriate divisions and sub-divisions, the appointment of persons to assume responsibility for each division, sub-division. (more…)
