Guide to Starting and Operating a Small Business | 2018 Guide to Starting and Operating a Small Business - Page 56

11 Financials Bookkeeping Bookkeeping is the organized process of tracking all income and expense transactions. Bookkeeping is a critical component of financial management, which leads to better business decisions regarding financing, taxes, owner’s draw, and retirement. Here are ten basic bookkeeping ste ΑΜθ(ΔΈ=‰Ρ…₯Έ‰ΥΝ₯Ή•Ν́…½ΥΉΡ₯ΉœΝ½™Ρέ…Ι”ΈAΙ½Α•ΘΝ½™Ρέ…Ι”Ν•±•Ρ₯½Έ₯́Ι₯Ρ₯…°™½ΘΝՍ•ΝΜΈ(ΘΈ=Α•Έ„Ν•Α…Ι…Ρ”‰ΥΝ₯Ή•Ν́‘•­₯Ήœ…½ΥΉΠΈΌΉ½Π΅₯ΰ‰ΥΝ₯Ή•Ν́…ΉΑ•ΙΝ½Ή…°‘•­₯Ήœ…½ΥΉΡΜΈ(ΜΈI•½Ή₯±”ε½Υȁ‘•­₯Ήœ…½ΥΉΠΈ… ΅½ΉΡ °Ι•½Ή₯±”ε½Υȁ…½ΥΉΠΥΝ₯Ήœ‰ΥΝ₯Ή•Ν́…½ΥΉΡ₯ΉœΝ½™Ρέ…Ι”½Θ„)±½Υ½΅ΑΥΡ₯ΉœΙ•½Ή₯±₯…Ρ₯½ΈΑΙ½•ΝΜΈ(ΠΈQΙ…¬Ν…±•ΜΈ Ι•…Ρ”…Έ…₯ΙΡ₯‘ЁΝεΝΡ•΄™½ΘΡΙ…­₯ΉœΝ…±•ΜΥΝ₯ΉœΡ½½±ΜΝՍ …́„Ι•₯ΝѕȁхΑ”°₯ΉΩ½₯•Μ°…Ή„Ν…±•Μ)‰½½¬Έ±έ…έΥΝ”Ρ‘₯́ͅ±•ΜΡΙ…­₯ΉœΝεΝΡ•΄Έ(ΤΈ•Α½Ν₯Ё…±°Ν…±•ΜΈUΝ₯ΉœΡ‘”‘ΥΑ±₯…Ρ₯Ήœ‘•Α½Ν₯Ёͱ₯ΑΜ°‘•Α½Ν₯Ё…±°Ν…±•Μ₯Έε½Υȁ‰ΥΝ₯Ή•Ν́‘•­₯Ήœ…½ΥΉΠΈ±Ρ•ΙΉ…Ρ•±δ°+ŠqΙ•΅½Ρ”‘•Α½Ν₯Ё…ΑΡΥΙ—Št€‘I €΅…䁉”…Ω…₯±…‰±”™½Θ‘•Α½Ν₯Ρ₯Ήœ‘•­ΟŠQΡ‘₯́ѕ‘Ή½±½δ…±±½έ́ε½ΤΡΌ‘•Α½Ν₯Ё„)‘•¬₯ΉΡΌε½Υȁ…½ΥΉΠ™Ι½΄ε½Υȁ½™™₯”‰δΝ•Ή‘₯ΉœΡ‘”‰…Ή¬…Έ•±•ΡΙ½Ή₯Œ₯΅…”½˜Ρ‘”‘•¬ΈQ½Ρ…°Ν…±•ΜΝ‘½Υ±)•ΕΥ…°Ρ½Ρ…°‘•Α½Ν₯ΡΜΈΌΉ½ΠΝΑ•Ή…Ν Ν…±•ΜΈ1₯Ή¬…±°™½Ι΅Μ½˜Ν…±•Μ‘½Υ΅•ΉΡ…Ρ₯½Έ€‘ΝՍ …́₯ΉΩ½₯•Μ°…Ν Ι•₯ΝΡ•Θ)Ρ…Α•Μ°…ΉΝ…±•Μ‰½½­Μ€έ₯Ρ „ΝΑ•₯™₯Œ‘•Α½Ν₯ΠΈ(ΨΈ]Ι₯Ρ”‰ΥΝ₯Ή•Ν́‘•­Μ™½Θ…±°‰ΥΝ₯Ή•Ν́•αΑ•ΉΝ•Μ€‘½ΘΥΝ”„‰ΥΝ₯Ή•Ν́‘•¬…ɐ€Έ½»ŠeЁΥΝ”„Α•ΡΡ䁍…Ν ΝεΝΡ•΄ΥΉΡ₯°)ε½Τ…Ι”•αΑ•Ι₯•Ή•…Ё‰½½­­••Α₯ΉœΈ(άΈ=‰Ρ…₯Έ„Ν•Α…Ι…Ρ”‰ΥΝ₯Ή•Ν́Ι•‘₯Ё…ɐΈ%˜ε½ΤΑ±…ΈΡΌΥΝ”„Ι•‘₯Ё…ɐ™½Θ‰ΥΝ₯Ή•Ν́•αΑ•ΉΝ•Μ°½ΉΝ₯‘•Θ½‰Ρ…₯Ή₯Ήœ„)…ɐ₯Έε½Υȁ½΅Α…ΉηŠéΉ…΅”Έ½₯ΉœΝΌέ₯±°‘•±ΐε½Τ­••ΐΡΙ…¬½˜‰ΥΝ₯Ή•Ν́•αΑ•ΉΝ•ΜΈ(กA…䁉ΥΝ₯Ή•Ν́•αΑ•ΉΝ•Μ™₯ΙΝΠΈ5½ΝЁ‰ΥΝ₯Ή•Ν͕́ΝΡ…ΙЁ½ΥЁ…́„Ν½±”ΑΙ½ΑΙ₯•Ρ½ΙΝ‘₯ΐΈ%ΈΝ½±”ΑΙ½ΑΙ₯•Ρ½ΙΝ‘₯ΑΜ°ε½Τ°Ρ‘”)½έΉ•Θ°‘ΌΉ½Π•Π„Ν…±…ΙδμΙ…Ρ‘•Θε½ΤΡ…­”…Έ½έΉ•ΛŠé‘Ι…άΈ½΅΅½ΈΕΥ•ΝΡ₯½Έ₯́‘½ά΅Υ ‘Ʌ܁ѼΡ…­”ό!•Ι—ŠeΜ)„ΙΥ±”½˜Ρ‘Υ΅ˆθM…±•ΜΑ…έ™½Θ‰ΥΝ₯Ή•Ν́•αΑ•ΉΝ•Μ™₯ΙΝΠ°Α•ΙΝ½Ή…°•αΑ•ΉΝ•ΜΝ•½Ή€‘ΝΡ•ΐ€Δΐ°‰•±½ά€Έ(丁IΥΈ„ΑΙ½™₯Ё…Ή±½ΝΜ€‘@™0€ΝΡ…Ρ•΅•ΉΠΈ‘•­₯Ήœ…½ΥΉΠ‰…±…Ή”₯́Ή½Π„½½₯Ή‘₯…Ρ₯½Έ½˜‘½ά΅Υ ΑΙ½™₯Ёё”)‰ΥΝ₯Ή•Ν́‘…́΅…‘”½Θέ‘…Ё…΅½ΥΉΠ₯́…Ω…₯±…‰±”™½Θ½έΉ•ΛŠé‘Ι…άΈ@™0ΝΡ…Ρ•΅•ΉΠ…ΈΑΙ½Ω₯‘”„‰•ΡѕȁΑ₯ΡΥΙ”½˜)Ρ‘”™₯Ή…Ή₯…°‘•…±Ρ ½˜Ρ‘”½Ι…Ή₯ι…Ρ₯½ΈΈ(ΔΐΈA…δε½ΥΙΝ•±˜έ₯Ρ ½έΉ•ΛŠé‘Ι…άΈ=έΉ•Ί͑½Υ±Α…δΡ‘•΅Ν•±Ω•Μ‰δέΙ₯Ρ₯Ήœ„‘•¬½Θ΅…­₯Ήœ…Έ•±•ΡΙ½Ή₯ŒΡΙ…ΉΝ™•Θ)™Ι½΄Ρ‘”‰ΥΝ₯Ή•Ν́…½ΥΉΠΡΌ„Α•ΙΝ½Ή…°…½ΥΉΠΈ%˜ε½Τ…Ι”„Ν½±”ΑΙ½ΑΙ₯•Ρ½Θ°…ΝΝ₯ΈΡ‘½Ν”‘Ʌ܁‘•­ΜΡΌ…Έ•ΕΥ₯Ρδ)…½ΥΉΠ…±±•ƒŠqΙ…έΜ»Št) …Ν ±½ά) …Ν ™±½ά…Έ‰”‘•™₯Ή•ΡέΌέ…εΜθ+Šˆ …±…Ή”½˜…Ν Ι••₯Ω•±•Ν́ё”…΅½ΥΉΠ½˜…Ν Α…₯½ΥЁ½Ω•Θ„Α•Ι₯½½˜Ρ₯΅”+Šˆ5½Ω₯Ήœ…Ν ₯Έ½Θ½ΥЁ½˜„‰ΥΝ₯Ή•ΝΜ(Τ