Business

3 Things You Must Track Daily (Or Your Money Will Move Anyhow)

TaxHQ Editorial10 January 20265 min read

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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3 Things You Must Track Daily (Or Your Money Will Move Anyhow) | TaxHQ Blog | TaxHQ