WebJul 12, 2024 · This lists all the accounts that make up your books. Think of each account a category. Every transaction you record gets sorted into one of these categories. 2. Transactions This contains details of every business transaction you perform—the date, a description, the amount, and the account. 3. The Income Statement WebNov 18, 2024 · Income: A ny account you use to track money coming into your business Expense: Any account you use to track money leaving your business Cost of goods sold (COGS): The m oney you spend creating …
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