3 Things You Must Track Daily (Or Your Money Will Move Anyhow)
The Tracking Problem
If you're not doing these three things, your money is moving without direction:
1. Monitoring your inventory
2. Recording all expenses
3. Tracking slow-moving items
1. Monitor Your Inventory
The Problem: If you don't track what's in stock:
- Run out of popular items (lost sales)
- Overstock slow items (tied-up cash)
- Miss theft or shrinkage
The Fix: Check daily, full count weekly.
2. Record All Expenses
The Problem: Small expenses add up invisibly.
₦500/day × 30 days = ₦15,000/month
The Rule: If money left your hand, write it down. No exceptions.
3. Track Slow-Moving Items
The Problem: Money tied up in slow stock is money not working.
What to Do:
- Discount to move it
- Bundle with popular items
- Don't restock
The Daily Routine
Morning (5 min): Quick stock check
Throughout Day: Record every expense
Evening (10 min): Update inventory, calculate totals
Start Today
1. Create an inventory list of your top 20 items
2. Start an expense log
3. Mark items that haven't moved in 2+ weeks
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TaxHQ Editorial
Expert tax content based on Nigeria Tax Act 2025 and insights from leading Nigerian tax professionals.