Types of business records
Business records are of essential in any business organizations as it will enable the business to have in advance all the activities which occurred in the business during certain periods of time.
Business/enterprise should keep proper records for their business's to be successful.
The business/enterprise should keep the following types of records:
1.Employees records
Employee records shows all information's about the employees.In the employees records,the following details have to be included:
The records should include the details of the total number of employees who are/who were in the business organizations.Who are means those employees still works in the current business organization's.Who were means those employees who had left the business organization's due to either retirement,death or those who were dismissed from the business organization's.
The records should include details of the experience and educational background which is possessed by every employees in the business organization's of the employees.These includes the level of educations every employees have achieved and the experienced which every employees had before they were employed plus the they have achieved after they started working in the organization's.
The records should include the details of job description's of every employees working in the business organization's.These include's all duties and responsibilities which every employees have to perform in the business organization's.
The records should include the details of job group's of every employees.These includes the rank of every employees,these also include which employees is responsible to report to other employees within the business organization's.
The records should include the details of the amount of net salaries every employees should earn.These includes the amount of salary to be paid to every employees.
The records should include the details of the performance of every employees in the business organization's.Performance of employees means the various ways in which the employees have contributed to the success of the business organization's so that it will be easy to appraise those staffs/employees who performs well in the business organization's.
The records should include the details for working hours for every employees employed in the business organization's.These details include the reporting time of every employees,the break hours for lunch time,the resume hour's and the time when employees have to leave the work station's.
The records should include details for all types of incentives which are to be given to employees.Incentives are usually given to employees inorder to motivate them to work harder and smarter.Incentives can be bonuses given to the employees,allowances given to the employees and insurance/medical cover for the employees.Incentive's can also include the various ways in which the business will carry out team building's.
The records should include the details for the retirement age and pensions to be given to every employees.This will enable employees to know in advance the date when they are to stop working from the business organization's plus all the retirement benefit's they will get when leaving employment's.
The records should include all etiquette's which have to be maintained in the business organization's.These includes all the behaviour which employees have to conduct when they are at work place,it also includes the best attire which have to be worn by employees when they are at work place.These also includes all safety measures which are to be maintained by the employees while they are at work station's.
Financial records
Financial records shows all information's about all the income and expenses which the business has made and incurred respectively.This enables the business to know how the business is performing economically.The following details should be included in the financial records:
The record should includes details for the total the amount of salaries paid to the employees.This includes the total amount of salaries that has been paid to the employees in the business organization's.
The record should includes details for all utilities bills which has been paid or have to be paid by the business organization's.Utilities bills include expenses such as water bills,electricity bills,telephone bills,internet connection bills,taxes and rents.
The record should includes details for the total amount of loans which the business has undertaken, the total amount of loans which has been repaid verses the balance of loans which has to be repaid by the business organization's to the financial institution's.The record should also include the name of
financial institution the business has taken the loans from.
The record should includes details all the total costs of goods/services which the business has purchased plus all the total costs of goods/services the business has sold.These includes the records for all purchases and all expenses which the business have made and incurred respectively.
The record should includes details for all the total amount that have been paid or which have to be paid for business outsourcing services.This includes all the payments which has been paid or have to be paid to other business for doing certain services on behalves of the said business organization's.
The record should includes details for all the expenses costs which the business have incurred,these include all the cost in paying for insurance,business rents, taxes,licenses,permits and other levies which the business have incurred
The record should includes detail for all financial year reports which the business have been performing financially.These includes the records for profits and loss account's,balance sheets accounts and cash flow accounts during all financial years the business have been in existed.
Equipment records
Equipment records shows all information's about equipments in the business organization's.The following details should be included in the equipment records.These includes:
The record includes details for the total number of equipments in the organizations.These includes numbers of all types of equipments which the business organization's have.
The record includes details for the state of all equipments in the business organization's.These includes the efficiency and performance of every equipments.The records should include the details for all the equipments which are working verses those which are obsolete.
The record should includes details for all equipments which have been purchased verses those equipments which have to be purchased in the near future.
The record should includes details for the date at which the equipments were purchased in the business organization's..
The records should also include details for the functions of all equipments which are within the business organization's.
4.Safety records
Safety records shows all information's about safety in the business organization's.The record should includes the following details:
The record should includes details all safety measures which have to be taken and maintained within the business organization's.
The record should includes details for all the total number of accidents which has occurred within the business organization's plus the reasons for their occurrence.
The record should includes details for all the first aid kits which are available within the business organizations.These includes fire extinguishers,medical appliances and drugs which can treat minor injuries.
The record should includes details for all hospitals which are near the business organization's which the employees can be taken incase of any accident occurs to them.
The record should includes details for all the insurance covers which the employers have undertaken for their for employees incase an accident occurred to employees.
The record should includes details for all the emergency phone number to be called incase an accident occurred in the business organization's.These includes emergency phone numbers for fire brigades,ambulances and any medical practitioner who is nearby. The record should includes details for the total number of faulty items/facilities within the business which has to be repaired or are awaiting to be repaired.
Related links
Finance
How to finance business's
How to manage finance within the business
Factors to consider before taking business loans
Types of loans
How business's can get loans from the bank easily
How to prevent the business from being bankruptcy
How to make money from all wastes in the business
How to make money in your business
Services which the business can get from bank's
Expenses which entrepreneurs encounters during their business operation
How to invest effectively in business
Types of bank accounts which business's can open from the bank
Advertisements
How to effectively advertise goods and services
The correct time when business have to advertise their goods and services
What to consider before advertising your business goods and services
What details should be included when advertising products and services
The correct time when business have to advertise their goods and services
Customers
What to consider when taking customer order
How businesses can receive feedback from customers
How entrepreneurs can know trust worthy customers
How entrepreneurs cannot mislead customers
How to make customers to purchase goods and services which you are selling
How entrepreneurs can avoid misunderstanding with customers when taking their orders
How customers will easily identify the goods and services which you are selling
How entrepreneurs can attract more customers to their business
How entrepreneurs can treat customer’s well within their businesses
Discounts
Why business's gives discounts to customers
What is trade discount in business
What is quantity discount in business
What is cash discount in business
What is seasonal discount in business
What is promotional discounts
What is geographical discount
What is accumulative quantity discount in business
What is non-accumulative quantity discount in business
Type of discounts in business
Entrepreneurship
How to be successful in entrepreneurship
How you can sell goods and services cheaply within your business
Expenses which entrepreneurs encounters during their business operation
Factors to consider before starting the business
How to get business ideas
How to display goods/services in the business
How to display goods/services in the business
How to know that your business is performing well
When should entrepreneurs increase price for the goods and services which they sell
How to work comfortably within the business
Types of business records
How to classify business files
How to partition offices within the business
Purchases
Disadvantages of hire purchase to the seller in business
Advantages of hire purchase to the seller in business
Disadvantages of hire purchase to the customers in business
Advantages of hire purchase buying to the customers in business
What is hire purchase in business
Stocks and Shares
What is IPO(Initial Public Offering) in stock market exchanges
What is stock broker when buying and selling shares
Difference between outstanding shares and treasury stocks at stock exchange
What is guaranteed preference shares when purchasing shares at stock market exchange
What is redeemable shares when purchasing shares at stock market exchange
What is non-convertible shares
What is convertible preference shares when purchasing shares at stock market exchange
What is non-participating preference shares when purchasing shares at stock exchange market
What participating preference shares when purchasing shares at stock exchange market
What is non-cumulative-preference shares when purchasing shares at stock exchange market
What is cumulative preference shares when purchasing shares at stock exchange market
What is preference shares when purchasing shares at stock exchange market
What is ordinary shares when purchasing shares at stock exchange market
Types of preference shares in stock exchange
Types of shares in stock exchange market
What are shares in stock exchange market
Human resource
How to hire best employees in business organization's
How to motivate employees within business organization's
How to study behaviour of employees within the business
What you should know about your employees
Benefits of having intern workers within your business
What is performance contract in business
What is employee's records and details to be included in employee's records
Steps to be taken before business can hold meeting for their employees
How employees can be active within the business organization's
How to supervise your employees
Ettiquette’s which should be maintained by employees within the business
What is performance contract
Importance of delegation within the business organization's
What is chain of command in business
How office messengers will deliver information's quickly within the business
Business cleanliness
Types of cleaning facilities which business must have
How employees can maintain good hygiene within business organization's
How to remove dusts from within the business organization's
Effects of dusts within the business organization's
How to wash business toilet thoroughly clean
How the business can have sufficient water
Major functions of water within business organization's
Insurance
What is insurance
What is cover policy
Types of insurance cover which your business should have
What is indemnity
What is deductible when taking insurance policy cover
How to prevent the business from fire
Business/enterprise should keep proper records for their business's to be successful.
The business/enterprise should keep the following types of records:
1.Employees records
Employee records shows all information's about the employees.In the employees records,the following details have to be included:
The records should include the details of the total number of employees who are/who were in the business organizations.Who are means those employees still works in the current business organization's.Who were means those employees who had left the business organization's due to either retirement,death or those who were dismissed from the business organization's.
The records should include details of the experience and educational background which is possessed by every employees in the business organization's of the employees.These includes the level of educations every employees have achieved and the experienced which every employees had before they were employed plus the they have achieved after they started working in the organization's.
The records should include the details of job description's of every employees working in the business organization's.These include's all duties and responsibilities which every employees have to perform in the business organization's.
The records should include the details of job group's of every employees.These includes the rank of every employees,these also include which employees is responsible to report to other employees within the business organization's.
The records should include the details of the amount of net salaries every employees should earn.These includes the amount of salary to be paid to every employees.
The records should include the details of the performance of every employees in the business organization's.Performance of employees means the various ways in which the employees have contributed to the success of the business organization's so that it will be easy to appraise those staffs/employees who performs well in the business organization's.
The records should include the details for working hours for every employees employed in the business organization's.These details include the reporting time of every employees,the break hours for lunch time,the resume hour's and the time when employees have to leave the work station's.
The records should include details for all types of incentives which are to be given to employees.Incentives are usually given to employees inorder to motivate them to work harder and smarter.Incentives can be bonuses given to the employees,allowances given to the employees and insurance/medical cover for the employees.Incentive's can also include the various ways in which the business will carry out team building's.
The records should include the details for the retirement age and pensions to be given to every employees.This will enable employees to know in advance the date when they are to stop working from the business organization's plus all the retirement benefit's they will get when leaving employment's.
The records should include all etiquette's which have to be maintained in the business organization's.These includes all the behaviour which employees have to conduct when they are at work place,it also includes the best attire which have to be worn by employees when they are at work place.These also includes all safety measures which are to be maintained by the employees while they are at work station's.
Financial records
Financial records shows all information's about all the income and expenses which the business has made and incurred respectively.This enables the business to know how the business is performing economically.The following details should be included in the financial records:
The record should includes details for the total the amount of salaries paid to the employees.This includes the total amount of salaries that has been paid to the employees in the business organization's.
The record should includes details for all utilities bills which has been paid or have to be paid by the business organization's.Utilities bills include expenses such as water bills,electricity bills,telephone bills,internet connection bills,taxes and rents.
The record should includes details for the total amount of loans which the business has undertaken, the total amount of loans which has been repaid verses the balance of loans which has to be repaid by the business organization's to the financial institution's.The record should also include the name of
financial institution the business has taken the loans from.
The record should includes details all the total costs of goods/services which the business has purchased plus all the total costs of goods/services the business has sold.These includes the records for all purchases and all expenses which the business have made and incurred respectively.
The record should includes details for all the total amount that have been paid or which have to be paid for business outsourcing services.This includes all the payments which has been paid or have to be paid to other business for doing certain services on behalves of the said business organization's.
The record should includes details for all the expenses costs which the business have incurred,these include all the cost in paying for insurance,business rents, taxes,licenses,permits and other levies which the business have incurred
The record should includes detail for all financial year reports which the business have been performing financially.These includes the records for profits and loss account's,balance sheets accounts and cash flow accounts during all financial years the business have been in existed.
Equipment records
Equipment records shows all information's about equipments in the business organization's.The following details should be included in the equipment records.These includes:
The record includes details for the total number of equipments in the organizations.These includes numbers of all types of equipments which the business organization's have.
The record includes details for the state of all equipments in the business organization's.These includes the efficiency and performance of every equipments.The records should include the details for all the equipments which are working verses those which are obsolete.
The record should includes details for all equipments which have been purchased verses those equipments which have to be purchased in the near future.
The record should includes details for the date at which the equipments were purchased in the business organization's..
The records should also include details for the functions of all equipments which are within the business organization's.
4.Safety records
Safety records shows all information's about safety in the business organization's.The record should includes the following details:
The record should includes details all safety measures which have to be taken and maintained within the business organization's.
The record should includes details for all the total number of accidents which has occurred within the business organization's plus the reasons for their occurrence.
The record should includes details for all the first aid kits which are available within the business organizations.These includes fire extinguishers,medical appliances and drugs which can treat minor injuries.
The record should includes details for all hospitals which are near the business organization's which the employees can be taken incase of any accident occurs to them.
The record should includes details for all the insurance covers which the employers have undertaken for their for employees incase an accident occurred to employees.
The record should includes details for all the emergency phone number to be called incase an accident occurred in the business organization's.These includes emergency phone numbers for fire brigades,ambulances and any medical practitioner who is nearby. The record should includes details for the total number of faulty items/facilities within the business which has to be repaired or are awaiting to be repaired.
Related links
Finance
How to finance business's
How to manage finance within the business
Factors to consider before taking business loans
Types of loans
How business's can get loans from the bank easily
How to prevent the business from being bankruptcy
How to make money from all wastes in the business
How to make money in your business
Services which the business can get from bank's
Expenses which entrepreneurs encounters during their business operation
How to invest effectively in business
Types of bank accounts which business's can open from the bank
Advertisements
How to effectively advertise goods and services
The correct time when business have to advertise their goods and services
What to consider before advertising your business goods and services
What details should be included when advertising products and services
The correct time when business have to advertise their goods and services
Customers
What to consider when taking customer order
How businesses can receive feedback from customers
How entrepreneurs can know trust worthy customers
How entrepreneurs cannot mislead customers
How to make customers to purchase goods and services which you are selling
How entrepreneurs can avoid misunderstanding with customers when taking their orders
How customers will easily identify the goods and services which you are selling
How entrepreneurs can attract more customers to their business
How entrepreneurs can treat customer’s well within their businesses
Discounts
Why business's gives discounts to customers
What is trade discount in business
What is quantity discount in business
What is cash discount in business
What is seasonal discount in business
What is promotional discounts
What is geographical discount
What is accumulative quantity discount in business
What is non-accumulative quantity discount in business
Type of discounts in business
Entrepreneurship
How to be successful in entrepreneurship
How you can sell goods and services cheaply within your business
Expenses which entrepreneurs encounters during their business operation
Factors to consider before starting the business
How to get business ideas
How to display goods/services in the business
How to display goods/services in the business
How to know that your business is performing well
When should entrepreneurs increase price for the goods and services which they sell
How to work comfortably within the business
Types of business records
How to classify business files
How to partition offices within the business
Purchases
Disadvantages of hire purchase to the seller in business
Advantages of hire purchase to the seller in business
Disadvantages of hire purchase to the customers in business
Advantages of hire purchase buying to the customers in business
What is hire purchase in business
Stocks and Shares
What is IPO(Initial Public Offering) in stock market exchanges
What is stock broker when buying and selling shares
Difference between outstanding shares and treasury stocks at stock exchange
What is guaranteed preference shares when purchasing shares at stock market exchange
What is redeemable shares when purchasing shares at stock market exchange
What is non-convertible shares
What is convertible preference shares when purchasing shares at stock market exchange
What is non-participating preference shares when purchasing shares at stock exchange market
What participating preference shares when purchasing shares at stock exchange market
What is non-cumulative-preference shares when purchasing shares at stock exchange market
What is cumulative preference shares when purchasing shares at stock exchange market
What is preference shares when purchasing shares at stock exchange market
What is ordinary shares when purchasing shares at stock exchange market
Types of preference shares in stock exchange
Types of shares in stock exchange market
What are shares in stock exchange market
Human resource
How to hire best employees in business organization's
How to motivate employees within business organization's
How to study behaviour of employees within the business
What you should know about your employees
Benefits of having intern workers within your business
What is performance contract in business
What is employee's records and details to be included in employee's records
Steps to be taken before business can hold meeting for their employees
How employees can be active within the business organization's
How to supervise your employees
Ettiquette’s which should be maintained by employees within the business
What is performance contract
Importance of delegation within the business organization's
What is chain of command in business
How office messengers will deliver information's quickly within the business
Business cleanliness
Types of cleaning facilities which business must have
How employees can maintain good hygiene within business organization's
How to remove dusts from within the business organization's
Effects of dusts within the business organization's
How to wash business toilet thoroughly clean
How the business can have sufficient water
Major functions of water within business organization's
Insurance
What is insurance
What is cover policy
Types of insurance cover which your business should have
What is indemnity
What is deductible when taking insurance policy cover
How to prevent the business from fire
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