Organize your business with income and expense accounts ✨
Organize your business with income and expense accounts ✨
in doing business Recording of income-expenses It is an important matter that needs to be done a lot. Because it will allow us to see the overall picture and be able to plan the use of money in the future according to the situation.
🔸 Financial liquidity
Equally important and having consequences later, of course, is the financial condition of how flexible they are. Can the debt be paid back? What are the limitations? affect other parts in the shop how
Financial liquidity determines whether we can manage our money efficiently or not. Has the planning been covered? because if finances are stuck will affect every part of the shop
🔸 Details in the income-expense table
- source of income, date of receipt, amount
- expenses, amount, items spent
- total income - all expenses
income and expenses It will help us to know and be able to control the financial condition in a good way and without loss. And it also helps us know where our business is spending. Once we know the risk of loss We will adjust the new spending plan. so that the business can continue on its own
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