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CORE 3:

BASIC BOOKKEEPING, SIMPLE RECORD KEEPING, HANDLING MONEY

Decor

Lesson Plan

  • Worksheet: “Simple Bookkeeping”. Discuss and practice with teacher. Lead discussion on use of
  • Worksheet: “Quick Analysis”. Review use of this worksheet
  • Teacher to Introduce and Demonstrate the following:
    • Maintaining check book register
    • Deposit money
    • Write at least two check
    • Show the running balance of each check written
    • Cell phone banking
  • Introduce: spreadsheet on device

Simple Bookkeeping

SAMPLE

Week beginning    Monday      October 7      2021   

INCOME in $USD

Monday           500
Tuesday           460
Wednesday           410
Thursday         490
Friday           480
Saturday           510
Sunday           560
TOTAL           3,410

EXPENSES in $USD

Gas for generator           5
Candles           6
Batteries           7
Re-stock inventory           580
New light           32
Paper and pens           13
Other           ?
TOTAL           640

Break down of Income & Expenses:

Total income of 3,410 – expenses of 640 = 2770 Gross Profit.

Here is the Gross Profit break down:

40% = 886 for next re-stock
20% = 443 to save
40% = 886 to take home pay for local partner(s) if that much is needed

It is better to save a larger amount if possible! In life, there are almost always unexpected expenses—save money, be ready for them!

You will need a bank account. The only expenses allowed are the ones for which you get a receipt. No exceptions. Get receipts. It is just good business practice. As you expand in a few years, you will be glad you learned to get a receipt for everything.

A calculator helps, but is not required. They are very cheap. If it will add, subtract, multiply, divide and do % (percentages), that is good enough.


Resources


Homework*

  • Submit photo of yourself filling out an Excel spreadsheet with 8 to 12 entries (maybe a friend takes the photo for you).
  • Include copy of the spreadsheet.

*assigned at the end of the weekend.