Small Business Log Book
Small Business Log Book
Prepared by: [YOUR NAME]
Date: [DATE]
This log book serves as a comprehensive tool for tracking daily operations at [YOUR COMPANY NAME]. It helps record all financial transactions, including income and expenses, ensuring accurate financial management. By maintaining detailed entries, it supports effective budgeting and financial analysis. This log also aids in monitoring operational activities and accountability.
|
Date |
Description |
Account |
Income |
Expenses |
|---|---|---|---|---|
|
2024-07-23 |
Sale of product A |
Cash |
$300.00 |
- |
|
2024-07-23 |
Office supplies purchase |
Bank Account |
- |
$150.00 |
|
2024-07-23 |
Client payment for invoice #456 |
Bank Account |
$750.00 |
- |
|
2024-07-23 |
Equipment repair |
Credit Card |
- |
$200.00 |
|
2024-07-23 |
Monthly subscription fee |
Bank Account |
- |
$50.00 |
Notes
-
Consistency: Update the log daily for accurate records.
-
Detail: Include specific descriptions for each transaction.
-
Verification: Double-check amounts to avoid errors.
-
Account Tracking: Regularly review account balances and entries.
-
Review: Periodically check for discrepancies or unusual transactions.
-
Confidentiality: Secure the log and limit access to authorized personnel.
-
Backup: Maintain a backup of digital entries to prevent data loss.
