📅 2024-11-17 — Session: Structured Financial Management and Reporting
🕒 20:20–21:35
🏷️ Labels: Finance, Budgeting, Household, Google Sheets, Accounting
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal: The session aimed to establish a comprehensive framework for managing and reporting family and household financial activities, integrating business and personal expenses, and ensuring clarity and transparency among family members.
Key Activities:
- Developed a structured approach to divide monthly expenses among family members, including a communication strategy for transparency.
- Outlined a method for organizing shared living costs using Google Sheets and automation tools.
- Created a comprehensive plan for managing household finances as a family business, detailing income, expenses, and roles.
- Designed interconnected accounting systems for household and ownership accounting, focusing on income, expenses, and reporting.
- Structured a financial ledger for household and property management, including transaction categorization and dashboard creation.
- Integrated household expenses with business operations using detailed tables and Google Sheets.
- Proposed naming conventions for Google Sheets tables to enhance data organization.
- Expanded datasets for utilities and services, improving data comprehensiveness.
- Systematically managed financial flows among contributors, tracking debts and reimbursements.
- Categorized financial transactions into distinct boxes for household, property management, and family business.
Achievements:
- Established a clear framework for financial management and reporting, integrating personal and business finances.
- Enhanced data organization and transparency through structured templates and naming conventions.
Pending Tasks:
- Further refinement of the financial ledger and transaction categorization to ensure accuracy and completeness.
- Implementation of automation tools in Google Sheets for ongoing financial tracking and reporting.
- Continuous update and maintenance of datasets for utilities and services.