Bookkeeping is still considered by new businessmen because they see it as difficult to do. In fact, making bookkeeping is very easy. 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. Here are some examples of simple expense and income bookkeeping that we can make. To help you, you can use Xero glebe.
Keeping cash records
Also known as a cash book, cash records are a combination of records of expense and income transactions. Creating a cash book is fairly easy because we only need to write down expenses and income in business activities. With cash records, we can plan how to return the initial capital, targets, sales, and so on. Also in cash records, all records of daily expenses, sales income, purchase of shoulder materials, operational activities, employee salaries, and others can be stored neatly. Another benefit of cash recording is that we can make a strategic plan for the company in anticipation of unexpected events.
Bookkeeping of supplies
Bookkeeping inventory has a direct relationship with the sales of the businesses we run. Because when a sale occurs, we can immediately know the availability of the product being sold. From this bookkeeping, we can also know whether the product has run out or if it has accumulated which could cause losses. Another benefit of keeping inventory is to avoid fraud. Especially if the amount of inventory and our business sales transactions are large.
Keeping an inventory of goods
In the beginning, it was explained that the benefits of company financial statements are to separate personal assets and company assets. In bookkeeping, goods inventory contains records of goods or assets purchased. However, it should be noted that when buying an asset, you must also record cash for the purchase of the asset. By keeping an inventory of goods, we can maintain and control company assets. Other benefits of this bookkeeping are:
Easy to keep an eye on assets.
Maintain and prevent items from being lost easily.
Lighten the burden when checking goods.
Make it easier to move or remove items.
Written evidence of goods management.