← Financial Management for SMEs: Financial Literacy for SMEs

Daily Financial Data Entry

Module 05 / 6 · 70 min

Record a full day of money: counter sales and the cash count, cash payments, bank deposits and transfers, petty cash, and the month-end bank reconciliation.

In this module you will learn to

Follow a daily routine that opens, counts, records and deposits cash the same day
Record cash receipts with a daily sales report and handle cash over and short
Record cash payments and bank transactions with running balances in the cash book and bank book
Run an imprest petty cash system and prepare a monthly bank reconciliation

Built on

Erudite Africa training curriculum: Financial Management for SMEs, Level 1 Beginner, Financial Literacy for SMEs (October 2026)
Commercial Code Proclamation No. 1243/2021; Commercial Registration and Business Licensing Proclamation No. 980/2016 as amended by No. 1150/2019, and Regulation No. 392/2016 as amended by No. 461/2020
Income Tax Proclamation No. 979/2016 as amended by No. 1395/2025; Federal Tax Administration Proclamation No. 983/2016 as amended by No. 1434/2026
VAT Proclamation No. 1341/2024; VAT Registration Directive No. 1104/2025; Electronic Invoicing System Administration Directive No. 1142/2026; Council of Ministers Regulation No. 139/2007 on sales register machines
Financial Reporting Proclamation No. 847/2014; Private Organization Employees' Pension Proclamation No. 1268/2022
Investopia's verified Ethiopian tax and business law fact sheet (October 2026), based on the laws above and summaries by PwC, KPMG, EY, Grant Thornton, the IFRS Foundation and Ethiopian law firms

Examples and companies are fictional. Tax rates and rules are shown as they stood when the course was written; always check the current proclamations, directives and guidance from the Ministry of Revenues before filing, and take professional advice for your own case.