Week 1 (Day 5): Introduction to Financial Management
Day 5: Logging Your Transactions
Week 1 Day 5 Action Plan
Begin to track your financial movements. What cash is currently flowing into and out of your business?
Take Action: Logging Your Transactions
Consider the tools or methods you currently use for tracking.
Begin categorizing your transactions into similar groups to understand spending patterns.
Document your daily business transactions, no matter how small.
Helpful Tip:
Logging your transactions will reveal patterns and areas for improvement.
Stay in Touch
Do you currently track your spending? After today’s exercise, did you find any unexpected expenses?
