What Do You Need to Do Your Own Bookkeeping

You don’t have to add complex things or too much information. Keeping things simple and easy can save you a lot of time. You can do your own bookkeeping in a smooth way, by being organized and avoiding complex and detailed information.

Your spreadsheet should include information on dates. Each transaction has a certain date, showing you when it was made. Including the date in your spreadsheet is important because it allows you to track specific transactions. For example, if you want to see all transactions made on December 6^th, you can do that if you want to and have already included a date column in your spreadsheet.

If you want to find other details of your transactions, you can include a description of your transactions in your spreadsheet. You don’t have to be too specific and you can write two to three words that can help you identify the transaction. For example, you can add a note to the transaction that you made on December 6^th by adding “sold four shirts” or “bought office supplies”.

Also, you can include categories for your expenses or income. You can categorize your money based on certain categories, your choice. For example, you can have three categories that seem relevant to you or five categories that are important, such as Income, Marketing, Rent, Utilities, Office Supplies, etc. Here is where you might try and complicate things, by including too many categories. Just think about the most important ones for you and only keep those.

Finally, you can have another column with what comes in and what goes out. This might sound too easy or too simple, but in reality, this aspect is very. In and out shows the money that you earn, meaning your sales and your overall income and the money that you spend, meaning overall expenses.