Post by account_disabled on Mar 13, 2024 13:12:42 GMT 10
Previous transactions, you can start recording from today. Even though your business finances are not accountable to other people, at least you are responsible to yourself. You must adhere to the principle as if your life is a company where no records equals no transactions. Also read: Easy Ways to Keep Simple Bookkeeping for Beginner Businesses . Use a device To make recording easier, use your device to take notes, be it a smartphone, tablet or something else that you carry with you at all times. You can use the default application in the form of notes or notes available on your device. . Pay attention to the recording format The simplest recording format is a column for date, description, debit, credit, final balance. Remember, don't underestimate the transaction date, because if you forget to fill in the transaction date, you will get lost in the future.
The information column is filled with the type of transaction or where you got the money and what you spent the money on. The debit column is for filling in incoming money and the credit column is for outgoing money, the final balance Panama mobile number list must be the same as your remaining money at that time. If there is a difference, for example rupiah, you can credit it with a rounding or underpayment statement. Also read: Get to know more about the meaning of liabilities in business operations . Use the Excel application Use the Excel Application illustration of financial records. source envato For those of you who have a gadget that supports the Excel application, you can install this application to help you.
Excel can calculate the final balance automatically using a formula, but if this is not possible, you can just note it down in notes . . Use a Cash Book If you prefer to record on paper, buy a cash book at a bookstore, there is already a column like the one I mentioned above. Notes from your gadget can be copied into a book every time before you sleep or once a week when you have a lot of time. . Differentiate Fund Types If you have funds from different sources and uses, you must make records of each. For example, if you manage your daily needs finances, handle business finances and other types of finances, you must be consistent in distinguishing them. Especially the records of each transaction, if they are mixed up it will be difficult to manage your finances.
The information column is filled with the type of transaction or where you got the money and what you spent the money on. The debit column is for filling in incoming money and the credit column is for outgoing money, the final balance Panama mobile number list must be the same as your remaining money at that time. If there is a difference, for example rupiah, you can credit it with a rounding or underpayment statement. Also read: Get to know more about the meaning of liabilities in business operations . Use the Excel application Use the Excel Application illustration of financial records. source envato For those of you who have a gadget that supports the Excel application, you can install this application to help you.
Excel can calculate the final balance automatically using a formula, but if this is not possible, you can just note it down in notes . . Use a Cash Book If you prefer to record on paper, buy a cash book at a bookstore, there is already a column like the one I mentioned above. Notes from your gadget can be copied into a book every time before you sleep or once a week when you have a lot of time. . Differentiate Fund Types If you have funds from different sources and uses, you must make records of each. For example, if you manage your daily needs finances, handle business finances and other types of finances, you must be consistent in distinguishing them. Especially the records of each transaction, if they are mixed up it will be difficult to manage your finances.
