← Financial Management for SMEs: Financial Literacy for SMEs

Monitoring Your Business Performance

Module 06 / 6 · 65 min

Use the workbook to read daily sales, monitor expenses against budget, track the cash balance week by week, keep on top of amounts owed and run a monthly review that leads to decisions.

In this module you will learn to

Read the daily sales report with AVERAGE, MAX and MIN and spot patterns and problems
Compare actual expenses with the budget and explain the variances
Track the weekly cash position with SUMIFS by date against a minimum cash buffer
List the month's amounts owed and their due dates, and run a monthly review that ends in decisions

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.