For anyone starting out or getting into business.........KEEP TRACK OF ALL EXPENSES AND HAVE MONTHLY INCOME STATEMENTS. I've neglected doing all of that and just kept a rough estimate in mind of what has been going on and today I put it all into excel and am blown away by how much it's costed me to get materials for my product. I obviously have had to test and test and some things will go to waste..but this is the last time I'll let it get past me.
(@CareCPA gave me the nudge a while ago to stop assuming with the numbers. I've just slacked off on it the past couple months.)
(@CareCPA gave me the nudge a while ago to stop assuming with the numbers. I've just slacked off on it the past couple months.)
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