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How to track business income and expenses
Updated 2026-09-28
Short answer: Keep business money in its own account, record every sale and expense the day it happens with a category, reconcile against your bank statement each month, and review a simple profit and loss: total income minus total expenses. A bookkeeping app that imports your bank statement does most of this for you.
Five habits that work
- Separate business and personal money.
- Record income and expenses daily, with a category.
- Keep receipts for expenses.
- Import or check your bank statement every month.
- Look at profit, not just sales.
Useful categories to start with
- Sales
- Stock and materials
- Rent
- Salaries
- Transport and fuel
- Marketing
- Utilities and data
- Bank charges
How ENB helps
Record money in or out in seconds, upload your bank statement to sort every line automatically, and see your cash, who owes you, what you owe and your profit for the month on one screen.
Frequently asked questions
What is the difference between profit and cash?
Profit is income minus expenses for a period. Cash is the money you actually have now, which also depends on unpaid invoices and bills.
How often should I do my books?
A few minutes daily, plus a monthly review with your bank statement.
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