How do you keep daily sales record?

• Business expenses.
• Sales records.
• Accounts receivable.
• Accounts payable.
• Customer list.
• Vendors.
• Employee information.
• Tax documents.

• Capture the Information.
• Check to Make Sure the Information Is Complete and Correct.
• Record the Information to Save It.
• Consolidate and Review the Information.
• Act Based on What You Know.

Cash sales and purchases/expenses books

1. cheque book stubs.
2. cancelled cheques.
3. bank paying-in books.
4. bank statements.
5. copies of your own invoices.
6. receipts and delivery notes.
7. your suppliers' invoices.
8. receipts for all cash purchases, till rolls, etc.

Consider using the following categories:

• Marketing.
• Client meals.
• Home office or office rent/mortgage and utilities.
• Travel expenses.
• Office supplies.

1. Take a straight salary. It's simple, easy to manage and account for, and is unlikely to raise any eyebrows.
2. Balance salary with dividend payments.
3. Take payment in stock or stock options.
4. Take a combination of salary plus annual bonus.
5. Create a business agreement to pay yourself later.

• XE Currency.
• Yelp.
• TripIt.
• SpotHero.
• Uber/Lyft.
• SalesRabbit.
• Spotio.
• MapSee pro.

• Skype. Chances are, you've heard of Skype, a Microsoft application that allows you to video chat, text chat, and make phone calls.
• Google Calendar. Ever shown up late to an important meeting/call because you forgot about it?
• Basecamp.
• Evernote.
• Slack.
• Square Register.
• Dropbox.
• Expense Manager.

1. Open a business bank account. After you start your business, you need a secure way to separate your business and personal funds.
2. Select an accounting method.
3. Utilize an accounting system.
4. Track expenses.
5. Record expenses and track income.

1. Open a bank account.
2. Track your expenses.
3. Develop a bookkeeping system.
4. Set up a payroll systems.
5. Investigate import tax.
6. Determine how you'll get paid.
7. Establish sales tax procedures.
8. Determine your tax obligations.

1. Step 1: Create a customer for daily sales. You'll only use this customer account on your "end of day" sales receipt.
2. Step 2: Set up accounts for daily sales.
3. Step 3: Set up items for daily sales.
4. Step 4: Create a daily sales template.
5. Step 5: Record your total daily sales.
6. Step 6: Deposit your total daily sales.

1. Fine-tune your forecasting.
2. Use the FIFO approach (first in, first out).
3. Identify low-turn stock.
4. Audit your stock.
5. Use cloud-based inventory management software.
6. Track your stock levels at all times.
7. Reduce equipment repair times.

• TopShelf Mobile Inventory - iOS & Android.
• Barcode eXpress Pro - Android.
• On Hand - Android.
• Inventory Scanner – iOS.
• Scan to Spreadsheet - iOS & Android.
• 2B-Inventory - Contact Company for Quote.
• Stock Controller - Android.
• Instant Inventory - Android.

1. Gusto. Small business owners with a team to run may find Gusto a lifesaver.
2. Scanner App. This free app for small business lets you send documents and forms on the go.
3. Square. Square is the payment app for small business right now.
4. Wunderlist.
5. LinkedIn.
6. PicMonkey.
7. Shopventory.
8. TripIt.

1. Set up an inventory ledger.
2. Set up a point-of-sale (POS) system.
3. Get barcode labels.
4. Periodically audit your stock.
5. Implement the first in, first out (FIFO) method.
6. Look at historical sales to get a sense of demand.

1. Organization is a Must.
2. Upgrade to An Inventory Management Software.
3. Automate Your Warehouse Operations with Barcode Scanning.
4. Analyze Your Data to Drive Reordering Decisions.

• Revenue by Salesperson.
• Conversion Rate.
• Loss Rate by Sales Phase.
• Average Sales Cycle Length.
• Response Time.
• Total Lifetime Value of a Customer.
• Churned Customers.
• Contacts Report.

1. HubSpot. How it helps track sales: HubSpot is complete customer relationship management (CRM) offering contact and deal tracking.
2. Bitrix24.
3. Streak.
4. Trello.
5. LinkedIn Sales Navigator.
6. SalesRabbit Lite.

1. Sales Growth. Sales analysis revolves around your ability to grow revenue.
2. Sales Target. This KPI tracks current performance against a business objective.
3. Opportunities.
4. Sales to Date.
5. Product Performance.
6. Lead conversion Rate.
7. Sell-through rate.
8. Cannibalization rate.

1. Step 1: Create a table with below columns. Just type the headings, select them and press CTRL+T.
2. Step 2: Set up data validation rules. This is the important bit.
3. Step 3: Highlight what matters with conditional formatting.