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Learn basics of bookkeeping to get returns on investment
Women sell cereals in Mombasa. One of the major challenges facing small firms is financial management. Photo/File
One of the major challenges facing small firms is financial management. Without proper financial management, it is hard to make informed business decisions.
Financial management is a broad concept that entails the process of managing resources, including accounting and reporting, planning, budgeting, organising and controlling activities so as to get maximum returns on investment.