Design and Implementation of Record Keeping in Business Center

Design and Implementation of Record-Keeping in Business Center.

INTRODUCTION

Record Keeping is the process of collecting, inputting, storing, classifying, summarizing and interpreting data.

Record keeping has two facets – financial record keeping and managerial record keeping. The basic purpose of financial record is to assist decision makers in evaluating the financial strength,

profitability and future prospects of a business. Managerial record keeping in contrast is tailored to the needs of a particular company.

It helps the executives to measure success in carrying out their plans, to identify problems requiring executive attention and to attain company objectives. The purpose of record keeping is to produce financial statement about a business entity.

Therefore in this study, we narrowed down to the record keeping system as been practiced by the business centre of Caritas University Enugu.

Nearly all the tasks manually performed by man some years back can now be done in matter of seconds with computer technology.

Since the invention of the “wonder machine”, there has been a change from the manual way of carrying out certain tasks to a faster and more reliable computerized method.

STATEMENT OF THE PROBLEM

Business centre of Caritas University is to an extent manually operated. The recording of sales of tickets and cash received are done manually in a book, which looks/appears rough.

Thus, the books or files are exposed to physical damage by ants and pests, accumulation of dust particles; this makes the contents to be lost, misplaced or even altered.

The long queue of students waiting to be attended to, on daily basis, the fatigue, time wasting in daily reports of accounts to the management can be reduced or even eliminated with the introduction of the proposed system.

REFERENCES

Achumba, I.C. (2002). Strategic Marketing Management in the 21st Century. Charlotte (USA): Mac-Williams and Capital Publishers Inc.
Kotler, P. (2003). Marketing Management. New Jersey USA: Person  Educational Inc.
Zenz, G I. (2004). Business Accounting 1. London: Pitman Publication Limited.
Lysons, K C. (2001). The Impact of ICT in Business Management. Hollywood Illinois: Richard D Irion Inc.
Monzerka, R. (2002). Accounting and Record Keeping Management.London: D.P Publications Ltd.
Burf, N D. (2003). New Accounts Strategy. London: UnderwoodPitman.

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