Aside from managing our social media platforms I also keep tract the record of our business cash flows by utilizing the spreadsheet. I wanted to take a moment to emphasize the critical importance of maintaining detailed records of sales and expenses for our small online food business. As the heartbeat of our operations, this data serves as a compass guiding us towards sustainable growth and success.

By diligently tracking sales and expenses, we gain valuable insights into the financial health of our business. This insight empowers us to identify trends, anticipate cash flow fluctuations, and make informed decisions to optimize profitability. 

Additionally, understanding the fees associated with third-party vendors, like Food Panda is essential for accurate financial planning. Food Panda is an online food delivery platform that creates customized restaurants profiles on their domain. They help restaurants or even small home based business like us increase our visibility online. Food panda lists them and runs a host of advertisements campaigns to promote restaurants. However they get the 27% commission fee on every item that will be sold and another 12 percent value added tax base on the 27% commission rate as per product. So that being said we need to adjust our price in Food Panda store so we can get back the right amount on every item. 

By organizing sales and expense data in a spreadsheet, you can gain valuable insights into your business's financial performance, identify areas for improvement, and make informed decisions to drive growth and profitability.