4 ms·
I actually do exactly the same thing, and the value for me is that my actual income statement, balance sheet and cash flow are just much more accurate than othe
by balderdash 4y ago
I actually do exactly the same thing, and the value for me is that my actual income statement, balance sheet and cash flow are just much more accurate than other methods and therefore improve decision making (e.g. in a previous job I paid for work expenses on my personal card and was reimbursed from work, other solutions would make it look like I had was spending and earning an extra ~$50k-100k/year Vs with gun cash I just booked it all to a balance sheet account, which accurately reflected reality)