The chart of accounts lets you easily track all the money going out of your business. In your general ledger expense accounts, you’ll see your recurring payments, like rent, utilities, and insurance. It can also help you make better spending decisions by seeing where your money goes and evaluating where cuts can be made. Your […]
Monthly Archives: May 2020
It’s like filling up a bucket drop by drop until it overflows; each drop is your yearly profit adding up over time. In the first column, list down all the periods of your cash flow, like years or months. Next to this, enter all initial investments and incoming cash flows for these periods. While you […]