Record transactions as they happen
The longer you put off recording, the greater the risk that a transaction is forgotten or the amount is wrong. Make recording part of your sales process.
Save products and quantities
Transaction totals alone aren't enough for stock analysis. You need products and quantities to know which items sell the most and to update your inventory.
Separate price, cost, and expenses
Selling price is the revenue per unit or transaction. Cost comes from the goods sold, while additional costs are related expenses. Keeping them separate makes profit easier to understand.
Use consistent dates
Transaction dates help with period reports. Avoid entering yesterday's transactions with today's date just because they were recorded late.
Review transactions regularly
Reviews help catch wrong quantities, incorrect products, or unrecorded transactions before the problem grows into a larger stock discrepancy.
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