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Monday, March 15, 2010

Easy to use cash flow tool

For small business owners who can't find time to set up a solid accounting system just yet, then get started tracking cash flow on paper the old fashioned way with "Small Business Bookkeeping System Simplified."

The bookkeeping book is easy to use and understand for non-bookkeepers and accountants. On two pages it has a weekly expense and income record system to track:

  • General Expenses
  • Inventory Expenses
  • Equipment / Property Expenses
  • Payroll Expenses
  • Weekly Income or Returns
  • Income totals and Expense Totals
The book, and method, may seem primitive compared to programs like Quickbooks, Peachtree, etc. but it's a great tool and way to get started understanding how to track simple expenses. Plus, the only tool needed to operate it is a pen or pencil.

I picked up a 2003 copy from my local library on the shelf of business books. A current edition is available at Novapublishing.com for $ 29.95.

It's a simple way to stay organized, track expenses across different categories and hand to a bookkeeper who winds up tracking expenses in more detail in Quickbooks or some other accounting system.

Click here to read the Cash Flow Tips for Companies round up for last week.

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