Glossary
Bookkeeping
Bookkeeping is recording every money transaction in the shop regularly and in order, such as sales, purchases, expenses, receipts and payments.
What it means for a shop owner
It is the base on which reports, taxes and decisions are built. Record on the day of the transaction, not a week later. Keep the invoices and match them to the books and bank every month.
A worked example
In a month there are 240 sales invoices and 30 purchase invoices. You enter them all in your books, and at month end the totals match the bank.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes