Beginner level · Module 3: Customers and Simple Planning · Lesson 2 of 3
Tracking Sales and Expenses
Know every day whether the business is making money.
In this lesson you will
- Record sales and expenses daily
- Calculate weekly profit
Key concepts
sales bookexpense bookseparating moneyweekly profit
The lesson
Write down every sale and every expense the same day, with the amount and what it was for.
Keep business money separate from personal money, even if you are the only owner.
Each week, total sales minus total expenses gives a simple profit figure to track.
Step by step
- Set up sales and expense pages.
- Record a sample week.
- Calculate weekly profit.
- Note what you learned.
Practice activity
Record a sample week and calculate profit.
Expected result: Complete records with a correct weekly profit.
Check your understanding
-
How is simple weekly profit calculated?
Show answer
Total sales minus total expenses.
-
Why separate business and personal money?
Show answer
To know whether the business really makes money.
Taught live by an instructor — online or in person. Free course lessons are for self-study and do not lead to a certificate — see registration options.