Business Records . Owners of micro enterprises must therefore write down everything that is done for future reference. . Record-keeping is a way of writing down chronologically all transactions involving money coming into your enterprise and money going out of your enterprise. .
Money comes in and goes out of the micro enterprise through transactions.
Neat and accurate records will also help to judge if as much profit as expected is being made. Perhaps too much money is being spent on wages or on raw materials. Perhaps someone is stealing from the micro enterprise, either cash or physical goods. So good records will help you solve problems in your micro enterprises and be able to plan the future by seeing clearly what mistakes have happened in the past and show others how your micro enterprise is doing. . Most micro enterprises especially those owned by women do not record their business transactions because of illiteracy.