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Should I Separate My Profit Per Day After Sales? - Business - Nairaland

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Should I Separate My Profit Per Day After Sales? by Kokoebapluse(m): 9:04am On Jan 12, 2020
Hello everyone, I started okirika cljoth business last week Monday and I always sell in every day, tho it's poor sales I sell sometimes 2 pieces, or 7 pieces, at all at all I must sell and I have record for all my sales per day which includes my expenses, profit, lost per day and I always have small profits each day after I Daily check record and close for that day, but I always add my profit back into business so my business can keep growing, but now I see something strange am planning to go to market next week Monday to buy some new goods, but to my surprise I can't find my profit again when I recount the money and check my record what is in the record is different from what I have, my profit reduce, and where I always kept the money is very save and I always count it each night, but it surprise me today when I get no gain, pls what Should I do? Should I separate my profit from my main business money or what? Pls help me
Re: Should I Separate My Profit Per Day After Sales? by Larryfest(m): 9:13am On Jan 12, 2020
I don't think you got your calculations right in the first place since where you kept it was safe and it's impossible for it to decrease without anyone taking from it. Record your daily sales keep the money safe and also save some daily, do the calculations when you restock to know how much profit you actually made.

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Re: Should I Separate My Profit Per Day After Sales? by Kokoebapluse(m): 10:29am On Jan 12, 2020
Larryfest:
I don't think you got your calculations right in the first place since where you kept it was safe and it's impossible for it to decrease without anyone taking from it. Record your daily sales keep the money safe and also save some daily, do the calculations when you restock to know how much profit you actually made.

Thank you, am so grateful
Re: Should I Separate My Profit Per Day After Sales? by naijacutee(f): 10:33am On Jan 12, 2020
I think it is very good that you keep sales records everyday because when something goes wring like this, you can track it quickly before it becomes big money.

I think you should calculate your profit and put it aside. That way, you can be sure that you never spend from your capital and that all your expenses come out from your profit only.

So I agree with Koboebapluse below - keep calculating daily and put your profits aside daily as well. All the best in your business

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Re: Should I Separate My Profit Per Day After Sales? by Kokoebapluse(m): 12:10pm On Jan 12, 2020
naijacutee:
I think it is very good that you keep sales records everyday because when something goes wring like this, you can track it quickly before it becomes big money.

I think you should calculate your profit and put it aside. That way, you can be sure that you never spend from your capital and that all your expenses come out from your profit only.

So I agree with Koboebapluse below - keep calculating daily and put your profits aside daily as well. All the best in your business

Wow thank you, am so grateful

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