A ledger holds the story.
It records the activity behind your balances. Categories give that activity meaning, so income, expenses, and transfers stay distinct.
A payout is part of the picture.
Payments, fees, refunds, and payouts tell different parts of the same story. Review the underlying activity before treating a bank deposit as new revenue.
Reconciliation connects the dots.
Compare your books with a bank statement. Investigate differences, missing activity, and duplicate records before completing the period.
Reports offer different views.
Profit and loss shows income and expenses for a period. A balance sheet shows what the business owns and owes at a point in time. Cash flow shows movements in cash.
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