In any organization be it small, medium or big, it is very crucial to work towards achieving a goal. To struggle towards the realization of this goal, one needs to employ human, financial and material resources. The degree of achievement largely depends on the organization’s ability to coordinate the above resources towards achieving the stated objectives. No doubt, the economic recession has affected both individual and companies in general and this has gone a long way to guide expenditure pattern and disbursement of income, hence the need for proper planning and administration. There is also the need to harness all available designing on appropriate and acceptable management and accountability to the owners of the business.