WHY YOU NEED BOOKEEPING IN HAULAGE BUSINESS IN NIGERIA

Hello Guys, as i said in my last post, i am going to be writing about bookeeping in haulage business in Nigeria today.
Wha is bookeeping. Bookeeping is simply the recording of your finacial transaction. In a layman's language, it means writing doen the records of amount of money you earn per day and how much you spend on the truck per day. This include money paid to you by agents, middlemen,or manufucturing companies on daily basis. It also include money you used in maintaining the trucks on daily basis. That is,money used in pumping the tyres, money you used in doing photocopies of EIR(EIR is called equipmet interchange report) and it is issues to the driver after loading of the trucks. You need as many of the reports because they are demanded by port agencies when moving out of the Ports.
Also money you used in adjusting cluthes,brake pads etc. You see that most times all these expenses dont have receipts in Nigeria.But it is your duty to write all these expenses and earned income down. Prepare youself a ledger.If you are computer literate, use Microsoft excel to prepare your bookeping. At the end of every week, you deduct all paid expenses from money being paid to you from every job you have done since MONDAY TO FRIDAY OR SATURDAY. Through this bookeeping,you will know if you are making profit or not at the end of the month. Bookeeping will help you to safe money.It will safeguard you against frivolous spending. It will help you in the game of haulage business.
HAULAGE BUSINESS IS A GAME WHERE SOME SURVIVE,WHILE SOME GO DOWN. Bookeeping will help your habits of spending. IT will help you to run away from excessive social habits that make you spend more than you earn. If you have a good bookeeping habit,even if you have this excessive social habits of spending,I know you will never waant that haulage business of yours to go down.
The reason why a lot of truck manager fail is because they dont have a bookeeping account of their haulage business.
In conclusion, i will ask you to try start a bookeeping account of your trucking business,and then trust me you will succeed. AMEN.

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