Now that you understand some basic accounting terminology, let's talk about the next step in how to do your own bookkeeping. Because you want to do your own bookkeeping, we are also assuming you want to save money on software. This post explains how to set up spreadsheets, which are readily accessible via Google Sheets or Microsoft Excel, in order to do your own bookkeeping. Setting up Your Spreadsheets The first worksheet you will create is called a synoptic. This worksheet is where you will record your daily operating activities. On the sheet you'll need to make sure you have equal [...]