Explain The Purpose Of Monitoring Controlling And Recording Income And Expenditures

Satisfactory Essays
The purpose of monitoring, controlling and recording income and expenditures is so that you can keep track of every financial movement and its outcome, in doing this you can review progress, to ensure value for money is being maintained , to meet the legal, regulatory and organisational financial requirements, identify problems when they arise and make adjustments so that you are more likely to make a difference. The data recorded can give you more accurate estimates in the future.
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