03 August 2009

I Love Bookkeeping I Love Bookkeeping, I Love Bookkeeping, I Love Bookk... I Love...I Love...

As told my friends recently, one of the things that I regretted the most for not taking more seriously at school is business related knowledge. In those days, I viciously ignored all things related to it including my personal finance management. And now is the harvest time. I reap the results: many not so delicious fruits. There are always challenges when you want to start something new in life, a new job or a business. But that ignorance contributes a lot to the stress I got. I was overwhelmed by what I had to do in business administration, you know, where to start and what to do. So I have been trying to catch up with it little by little: reading how to create a business plan, visiting the sba.gov site, pay more attention to my personal expenses, bank accounts, credit cards, read the AIA Handbook (a great resource… by the way), and most recently learning how to use Quickbooks. Yesterday was my first day of officially using it. It really stood up to its reputation: an easy, flexible and powerful book-keeping software. It was really fun to use and took less than a day to understand the basics. The main key is to understand the difference between sales receipt, invoice, and statement. I started to memorize what is credit and what is debit. One is out and the other is in, right? Right? It really makes a difference in the way I go through my daily life (and spending) now, just become a little bit more thoughtful and less repulsive.

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