RECORD KEEPING IN FOOTWEAR PRODUCTION, CHALLENGES AND PROSPECTS: A CASE STUDY OF JAMES Y. SHOEMAKING, NGAZA’S SHOEMAKING, IT WASN’T ME SHOEMAKING COMPANY

Abstract

Many shoe producers views bookkeeping as a distraction to businesses and time consuming from materials accusations, to shoes productions, to marketing and sales, booking keeping is very important. Book keeping could be used to enhance and improve business performance and used to generate high profit margins. Book keeping happens to be one of the backward-office-tasks that must be done. Recording keeping promotes profitability, encourages businesses to be well organized and structured resulting in modern innovations for better services and more quality. A huge part of a business success is taking advantage of limited of limited time to maximize profit.. Originally, shoes were made one at a time by hand, often by groups of shoemakers or cobblers whose many or almost 80-90% has no skills of record keeping especially in Nigeria and 50-60% are not willing to learn the skills. Working with James Y. Shoemaking Company, Ngaza’s shoemaking company and it wasn’t me shoemaking company are clear indicators of such examples despite their educational background or level of exposure in business yet find difficult on keeping shoe production records.. Recording keeping is so essential for decision making which is necessary for the business growth, expansion and collaboration purpose.