Bookkeeping is still not considered important by new businessmen because they see it as difficult to do. However, making bookkeeping is very easy especially if you use the services of Bookkeepers near me. There are many examples of income and expense bookkeeping that can be used to manage our new company. Start by keeping simple bookkeeping so that it doesn’t make us dizzy and confused. The first step you have to do is create a separate book specifically for expense records only. All expenses and expenses from your business, from purchasing materials to operations such as employee salaries, must be recorded continuously and clearly.

The benefit of recording these expenses is so that you can find out how much business capital you have spent. If the capital issued has been read, you can set targets and plans for when you can return on investment. Next, what you need is an income logbook. It is to record all transactions related to company income, such as the sales of products obtained per day and also receivables that paid. As with cash disbursements, these records must be continuous and routine. With an expense and income cash book, you will know the amount of profit and loss each day.

By combining expense and income transactions, your business profits and losses can be seen in detail. Besides, you can also determine the amount of the company’s budget for incoming and outgoing money. This cash flow is crucial for determining the company’s planning and strategy if unexpected costs arise at a later date. To be measurable and directed, the main cash registers must also be routine and ongoing. In company records, it is not only cash in and out that is recorded. However, goods that go in and out must also be included in the bookkeeping records. And again, this should also be recorded continuously and regularly. Why? Because if your business is progressing, the number of goods going in and out will be even higher. With this, you can control and monitor the inventory of goods in your company. Another function of the stock book is to avoid fraud either from internal or external to the company.