Financial management has day-to- day activities and periodic activities.
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Maintaining
expenditure record
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Update the expenditure record daily as costs are
incurred.
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Monitoring expenditure
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Monitoring expenditure should be a regular
management task so that you keep control over
income and outgoings.
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Making decisions
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Base your decisions on analysis of expenditure and
review this regularly in order to take advantage of
possible savings.
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Budgeting ahead
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Budgeting ahead is usually a yearly activity, although
planning for it is often spread over several months.
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