Stick to bookkeeping, reduce the workload of bookkeeping, reduce the boredom of bookkeeping, and remember the effect.
Daily expense account is the first account and the most critical account in family financial management. Pay attention to the division of income and expenditure, and distinguish which specific account flows in or out. Decomposition of comprehensive income and expenditure items.
For example, an expenditure is divided into living expenses, leisure and interest expenses. This makes it easy to check the account balance, make statistical summary analysis of different accounts, and clearly understand the details of the flow of family funds.
Function:
Bookkeeping is the basis of family financial management. It monitors and controls family financial activities and financial processes, collects basic data of financial management activities, and provides basic information for various statements needed in the future.
Without these data, financial activities such as setting financial goals, formulating strategies, preparing budgets, implementing budgets, and analyzing results cannot be carried out.
Starting from the daily bookkeeping, we can not only easily understand the family's financial situation, but also prepare for future planning by digitally tabulating our financial situation. Simply put, bookkeeping is the first step in financial management.