It is crucial for any business to know all their expenses and costs. This basic recordkeeping template helps you keep track of your expenses and income on a daily basis. You can use the data to check whether your business budget estimates are correct. For example, for marketing, maintenance and personal withdrawals. You can also use this data to find out whether money is leaking from your business – for example, through unknown expenses – and reducing your profits.
You can also use it to keep track of customers that still owe you money and suppliers that you purchased from on credit.
The template can be used by consultants and other service providers, retail businesses, and by small-scale manufacturing or production companies. Finally, it can also be used to track your personal expenses.
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