the pride of Africa's women entrepreneurs
As far as the accounting of your business is concerned, there are a few key reports that share vital information about your business with relevant stakeholders, these statements can also be used by the entrepreneur as an indicator of the financial health of their business. One of these reports being the statement of cash flows.
During the past 5 weeks I have been representing the Tariro Foundation at the first Lionesses of Africa Accelerator Program - and what a privilege it has been. Throughout these sessions one of the reiterating messages coming from the room has been around the many hats which we must wear as entrepreneurs, be it sales, marketing, HR matters, and not forgetting accounting.
by Zakiyyah Bhamjee
Back in the day, not so long ago, I was a bean counter (auditor) at one of the Big 4 firms and it was during this time that I quickly learnt that to obtain a true understanding of a business/organisation one needs to spend time in the kitchen, i.e the place where the operations occur, product is made, etc. Fast forward to 2018 and this auditor now finds herself as an entrepreneur applying these practices taught to her through bean counting.