Owning and running a small business is no easy walk in the park despite what you see at the forefronts. We all know that social media portrays a pretty picture about entrepreneurship and owning your own business. Apart from developing, marketing, and selling your product or service, there is the daunting task of getting, and keeping your accounts in order. You need to be prepared to handle the finances of the business regularly. This includes managing the money that’s coming in, paying your help, tracking expenses, controlling your stock, and much more.
This journal will help free up your time and allow you to focus on growing your business.
Keeping proper business records can be a daunting task, especially for the new startups and solopreneurs who cannot yet afford to hire an accountant. I have recognized that the key is to break the tasks down into a series of straightforward, manageable, yet systematic tasks. In this journal, you can access and update your data on a regular basis, rather than letting the paperwork pile up.
The Business Record-Keeping Journal is simply Bookkeeping made simple for the self-employed. It is a systematic and simple journal to help you track your income and expenses with ease. Have your customer and supplier contacts, sales and purchases journals, and income and expenditure statements all in one place for easy accessibility and quick review.
Keeping proper records can help you analyze possible financial risks and identify potential problems, thereby allowing you to easily identify potential growth opportunities. Better kept records will also allow you to be able to predict success and put you in a promising position to succeed financially with an organized mindset.
Alternatively, it is recommended however, that you keep hold of your receipts, bank statements and invoices and outsource the work if you can. Make sure you keep all documents that contain details of payments, credit purchases and sales, assets and liabilities. If you are not able to obtain a receipt for an expense, you should make a note then record the details.
This journal will help you do the following:
- Monitor the financial growth/progress of your business
- Prepare your financial statements;
- Identify sources of your income;
- Keep track of your deductible expenses;
- Keep track of your assets;
- Gather information to prepare your tax returns;
- Manage your customer listings;
and much more…
This BUSINESS RECORD-KEEPING JOURNAL includes:
- Monthly Budgeted Income and Expenditure Statements
- Year Budgeted Income and Expenditure Statements
- Monthly Cashflow Statements
- Monthly Asset Record Statements
- Monthly Liability Record Statements
- Easy-track Sales Journal
- Easy-track Purchases Journal
- Owner’s Equity Investments and Withdrawals Statements
- Export Listing Statements
- Supplier Listing Statements
- Customer Listing Statements
- Fired Customer Listing Statements
- Sales By Activity Statements
- Distributor Statements
- Social Media Quarterly Progress Report Statements
- Payroll Register
- Month Planner Calendar
- Meeting Note Taking Statements