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Pastimes : Where the GIT's are going

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To: KLP who wrote (171441)	12/19/2008 11:42:46 AM
From: Peter Dierks	Read Replies (1) of 225578

Good accounting is one of the keys to financial success. Tank you for reminding me of one of the things I am not currently doing very well. My business is still in the money sucking stage. I do pay myself but then end up loaning money back to cover cash flow shortfalls. Next year it will need to be self sufficient cash wise. For people who need to keep it simple there is the envelope system. Income gets converted to cash and envelopes that represent te budgetary items get stuffed as te money comes in. It is taken out to pay those bills. The amount from each anticipated income source is clearly written on the front of each envelope.

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