Keeping Accurate Accounts

It is important that you keep records for all of the financial transactions of the business, so that you know how much money you have available to pay bills and so that you can check that you are making a profit.

To keep accurate records of your finances download the accounts spreadsheet below.

The Excel spreadsheets have been designed to help you keep records and explain what should be included in your financial statements for the Company Programme Competition, both on the Isle of Man, and, if you win that, the European final next summer.

The pages included are:

Costing your Product or Service

Costing your product or service is very important as you need to make sure that you don’t price it too high or too low. Read the guide to ‘Costing your Product or Service’ from the downloads section below.