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financial constraints and lack of expansion

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Q: What is the main problem faced by small business?
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What are the problems militating against the teaching of business study in secondary school?

The main problem faced when trying to teach business in secondary schools of Nigeria is a negative feeling towards anything considered vocational education. Nigerians view the study of business as the study preferred by school dropouts.


Does a small business need to use erp software?

Yes, a small business needs ERP software. It depends on the business sector, the main aim of using ERP is to manage the business through a single software. The business like Logistics, HR, Organizations, etc have a large sector, they have difficulty to manage. ERP helps to effectively result to their industries and drive profitable business growth.


Can you do your own accounting for a small part time business?

The short answer is - Yes. The long answer is the - method you use will depend in large part to the volume of transactions that occur in you small part-time business. If the number of transactions are small then if you get a separate checking account for your small part-time business and dedicate one credit card to business use only you may be able to get by with the bank statement and credit card statements until the end of the year. On the other hand you may want a more robust solution and if this is the case there are quite a number of free accounting applications that may fit your needs. If you hope that one day your part-time business will grow into a full-time business it may be worth using a more main stream accounting software application like QuickBooks Pro 2011. Whatever choice you make spend some time learning about accounting for your small business so when it comes to tax time there will be no surprises.


What is the main benefit of business tax preparation software to a company?

A tax preparation software can help a small business file their company taxes. It can help ease the process of filling out the necessary forms. Most tax programs are cheaper than hiring an accountant to file ones taxes.


What are the main ledgers used for bookkeeping in a business organization?

the main ledgers include-the sales,purchases and general ledger

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What are the problems militating against the teaching of business study in secondary school?

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