We're going to update our financial statements using a simple accounting process that requires zero professional accounting experience or accounting software — it's just our income statement spreadsheet.

Click here to download our template to follow along.

The next step after we've captured all of our financial transactions in our spreadsheet accounting system will be to process each of the financial records in order. Earlier we began recording transactions from our bank accounts and credit card statements, so now we'll drop them into the Tabs we set aside for business expenses and revenue.

What Tabs will we Populate?

We've broken our spreadsheet accounting system into a handful of useful tabs to populate.

Here's the quick list, then we'll go ov...