You Run the Business. You Should
Understand
the Money.

Keeping transactions categorized is not the same as understanding your books. Use these five questions to connect individual transactions to cash, profit, debt, owner activity, and financial reports.

Your checking-account balance tells you how much cash is there right now. Profit tells you whether the business earned more than it spent. Here is why those numbers can be very different—and why you need both.

Your books can be up to date while the financial records behind them are still scattered. Use this five-home system to give statements, receipts, payroll records, tax documents, loans, and asset information a predictable place to live.

Simple bookkeeping software should make the work easier without hiding what is happening in your books. Here are seven things a straightforward small business actually needs from the system.