Then there is the matter of expenses; rent, wages, insurances, taxes, depreciation, freight and express, and all the other miscellaneous items that go to make up the total of your cost of doing business. Expenses eat up a business unless controlled. They ought to be so analyzed that you are able to place your finger on items which appear too large, or uncalled for, or which need explanation.
A Daily Exhibit of Your Business.
In order to accomplish this, you ought to keep a record similar to that shown by Fig. 187 — a Daily Exhibit of your business.
The advantage of this record is that it will give any battery man daily information as to the following facts of his business:
1. The amount of stock on hand.
2. The amount of gross profit.
3. The percentage of gross profit.
It will give monthly information as to:
1. The expense and percentage of expense.
2. The actual net profit.