Manage episode 239078654 series 2464830
Creating a balance sheet could be intimidating especially if you don’t know anything about managing books. Debbie Mullins, the bookkeeper to the stars of note investing, explains the basic concept of bookkeeping. She shows us how to create a simple balance sheet and shares the benefits of doing your own books. She also gives her insights on the most common bookkeeping issues, and reveals the key information in your balance sheet that could have the most critical consequence when done wrong. Debbie also shares useful and practical tips on how to record expenses that were paid using your personal card, what to do when you accidentally transferred money to and from the wrong bank account, how to pay yourself, and more.
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