As small business owners how do you keep track of your expenses and profits..? Even if what you do is just a hobby and you use your allowances to purchase fat eighths and ric racs, still the question remains.. How do you manage your accounts?
I have been using the pages from the back of my notebook to jot down income but after a year of using the 'system' I realised that I am unable to use the information I have to make any future decisions for my small business. While my income are neatly jotted in a notebook, my expenses on the other hand are scratched in my schedule book. By the end of the month, the only thing I'm aware of is I've made some money, but I have NO idea whatsoever of the REAL expenditure and profits I've made.
So, care to shed some lights on how you go about handling matter relating to money?? Pwetty PLEASEEEE..