My late grandmother used to keep her finances in neat and steady order. In her later years, when she had quite poor health conditions, I used to help her with her daily groceries and do the visit to super market for her. She always got her purse from the drawer, counted carefully the money for me, gave the shopping list and then marked on her little blue notebook the amount of money she gave to me. And when I had the shopping done, she took the receipts, and wrote down every item and the price.
In later years, when my grandma had already gone into eternity, I sometimes missed especially her advices on keeping the finances in order. As an entrepreneur you however have much more of the traffic on you accounts and the manual, written down accounting is not probably the most practical way of keeping on track on credits and debits. And when you add the whole component of taxation into the accounting, which for common office worker and employee is dealt by the employer, you are already in the jungle of different kind of payments and costs, incomes and compensations.
Even if the records are kept on the computers and with the help of computers, the manual way of recording all the transaction traffic is a mess and demands even more organized manners than my grandmother used to have. She just run her personal finances with cash money only while the poor modern-day self employed entrepreneur has a whole universe of different kind of taxes and payments to take care of. Solution for the professional running into these problems are the accounting softwares (in Finnish = kirjanpito-ohjelma) and electronic accounting. That still leaves some work for the entrepreneur herself, but is anyway simplest method to keep the track on finances.
In later years, when my grandma had already gone into eternity, I sometimes missed especially her advices on keeping the finances in order. As an entrepreneur you however have much more of the traffic on you accounts and the manual, written down accounting is not probably the most practical way of keeping on track on credits and debits. And when you add the whole component of taxation into the accounting, which for common office worker and employee is dealt by the employer, you are already in the jungle of different kind of payments and costs, incomes and compensations.
Even if the records are kept on the computers and with the help of computers, the manual way of recording all the transaction traffic is a mess and demands even more organized manners than my grandmother used to have. She just run her personal finances with cash money only while the poor modern-day self employed entrepreneur has a whole universe of different kind of taxes and payments to take care of. Solution for the professional running into these problems are the accounting softwares (in Finnish = kirjanpito-ohjelma) and electronic accounting. That still leaves some work for the entrepreneur herself, but is anyway simplest method to keep the track on finances.
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