Hello, whinnebers my name is Jesse Meekham, and this is podcast number 81 for

you need a budget, where we teach you four rules to help you stop living paycheck to

paycheck, get out of debt debt and save more money.

Today I wanted to go totally off the rails and talk about Wyanam for business.

I wrote a post back on the blog a year ago, maybe more.

Talking about how we moved Wienab to, Wienab the business to Wienab the software

and how awesome it's been. It's helped us grow faster because it's allowed me to be more aggressive with reinvesting

where I was always, by nature, quite conservative, too conservative. And in that post, I mentioned a few constraints,

a few things you should be aware of that Wineab couldn't

or wouldn't handle, at least not very gracefully, inventory, accounts receivable, accounts payable, banks that have very strange

requirements on what they want your P&L to look like.

In the meantime, Wineb before launched and we have an awesome P&L that any bank would take for sure.

We now also have a balance sheet that any bank would take, so that one doesn't really apply.

The accounts receivable would be needed for service businesses,

doctors offices, chiropractors, therapists, dentists, orthodontists. Anytime where you're providing a service and you have

to owe you money, designers, contractors. So it's a fairly large group of people. Your business should

still be rather simple, but Wyanamp can handle the accounts receivable kind of pretty smoothly actually and it would probably make

more sense to you than doing it in traditional accounting software where you have to worry about

the double entry side of things. So here's how I would do it if Wienab had accounts

receivable. I would set up an accounts receivable account. It would be off budget because

accounts receivable means you did not receive any cash.

It's an account that is in waiting.

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