Basic Bookkeeping series - Annual Finances

Basic Bookkeeping Series

This is a basic template for organizing your ins and outs and generating a profit and loss report for your business. Using Sound Vet Med will allow you to invoice clients and collect payments via Stripe. It will generate your monthly income for you through the "Accounting Reports" feature or you can track yours manually, as demonstrated in Part 1 of this series.

Annual Finances - Part 2

| | | Jan | Feb | Mar | |------------------------------------------|---|------------------|-----------------|-----| | Income | | | | | | Shift Revenue | | 3820 | 700 | TBD | | Other (ex: tax refunds, etc.) | | 0 | 0 | | | Total income | | 3820 | 700 | | | | | | | | | Expenses | | | | | | Continuing education | | 0 | 50 | | | Meals | | 100 | 15 | | | Supplies/business license fees/etc. | | 0 | 0 | | | Gas | | 35 | 10 | | | Total expenses | | 135 | 75 | | | | | | | | | Monthly Profit & Loss (net income) | | $3685=C4-C11 | $625=D4-D11 | | | | | | | | | Personal draw (or wages if S-corp) | | 1500 | 500 | | | Retirement savings | | 200 | 200 | |

This material is intended for educational purposes only, please seek professional advice for recommendations specific to your situation.