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Thursday, January 27, 2011

Money, money, money

This is not my strong side, I have to admit. I want to be good at keeping track of receipts, invoices and expenses, and I've promised myself to start this year off with a clean slate.

I sat down yesterday to try to wrap my head around all this money business. Since I haven't been very good at writing down my expenses, I had to backtrack and start putting all my paperwork in chronological order. Then I created a profit and loss schedule in excel and started typing it all in there. I guess it could also be called a register. It was hard work, but it's so worth it to feel like you have things under control, even if your business is at the "hobby" level. take a look at this link if you want to read more about money. This etsy article inspired me to sit down an crunch numbers. Maybe it will do the same for you!

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