{"id":12410,"date":"2022-06-14T10:00:00","date_gmt":"2022-06-14T09:00:00","guid":{"rendered":"https:\/\/www.sage.com\/en-gb\/blog\/?p=12410"},"modified":"2025-05-07T14:55:31","modified_gmt":"2025-05-07T13:55:31","slug":"money-diaries-cafe-owner-balancing-bakes","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-gb\/blog\/money-diaries-cafe-owner-balancing-bakes\/","title":{"rendered":"A caf\u00e9 owner balancing bakes and &#8216;invisible costs&#8217; on \u00a319k"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/category\/money-matters\/\" class=\"entry-header__link\">Money Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tA caf\u00e9 owner balancing bakes and &#8216;invisible costs&#8217; on \u00a319k\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2022-06-14T10:00:00+01:00\">14 June, 2022<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"A caf\u00e9 owner balancing bakes and &#8216;invisible costs&#8217; on \u00a319k\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-gb\/blog\/money-diaries-cafe-owner-balancing-bakes\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-gb\/blog\/author\/secretentrepreneur\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Secret-Entrepreneur-1-350x350.jpg\" class=\"entry-author__image\" alt=\"Secret Entrepreneur\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Secret-Entrepreneur-1-350x350.jpg 350w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Secret-Entrepreneur-1.jpg 450w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Secret Entrepreneurs<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p><strong><em>Welcome to The Money Diaries with Sage, where we dive into the finances of business owners and discover how they deal with money matters on a daily basis.<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>We\u2019re asking entrepreneurs how they\u2019re managing their finances over a seven-day period, to give you a picture of what incomes and outgoings really look like from their perspective.&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Today is the turn of a caf\u00e9 owner balancing bakes and rising energy bills<\/em><\/strong>.<\/p>\n\n\n\n<p><em><strong>And make sure you check out&nbsp;<a href=\"#reader\">Reader\u2019s Response at the end of this article<\/a>, where&nbsp;accountant&nbsp;and best-selling author&nbsp;<a href=\"https:\/\/www.carlreader.com\/\">Carl Reader<\/a>&nbsp;reveals his thoughts and shares some top tips for our entrepreneur.<\/strong><\/em><\/p>\n\n\n\n<p>Here\u2019s what we cover in this article:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#meet\">Meet our entrepreneur and check out their Money Diary<\/a><\/li>\n\n\n\n<li><a href=\"#final\">Final thoughts on the week<\/a><\/li>\n\n\n\n<li><a href=\"#reader\">Reader\u2019s Response<\/a><\/li>\n<\/ul>\n\n\n<div class=\"single-cta\">\n\t<a\n\t\tclass=\"button button--primary gate-0a38bfe5-48d7-44eb-b934-14aa781da0ca\"\n\t\trole=\"button\"\n\t\tdata-button-location=\"content_area\"\n\t\thref=\"#gate-0a38bfe5-48d7-44eb-b934-14aa781da0ca\"\n\t>Download your free copy of How to boss your small business banking for advice to help you stay on top of your finances<\/a>\n<\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"meet\">Meet our entrepreneur and check out their Money Diary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Date: <\/strong>w\/c 2 May 2022<\/li>\n\n\n\n<li><strong>Industry: <\/strong>Hospitality\/Retail<\/li>\n\n\n\n<li><strong>How long you have been an entrepreneur?<\/strong> Two years<\/li>\n\n\n\n<li><strong>Day job: <\/strong>This is my full-time job<\/li>\n\n\n\n<li><strong>Location: <\/strong>Sunderland, UK<\/li>\n\n\n\n<li><strong>Salary: <\/strong>\u00a319,200<\/li>\n\n\n\n<li><strong>Household: <\/strong>I live with my partner<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1675\" height=\"575\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header2-day-1.jpg\" alt=\"Money Diaries day 1\" class=\"wp-image-10744\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header2-day-1.jpg 1675w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header2-day-1-768x264.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header2-day-1-1440x494.jpg 1440w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header2-day-1-1536x527.jpg 1536w\" sizes=\"auto, (max-width: 1675px) 100vw, 1675px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Day 1 \u2013 Monday<\/h2>\n\n\n\n<p>Mondays are my day off in the shop and are typically quieter than the rest of the week.<\/p>\n\n\n\n<p>Our biggest sellers during the week are hot drinks and cakes, so I try to make sure that the cake section is fully stocked.<\/p>\n\n\n\n<p>My partner makes the bakes and each bake is \u00a33 and costs approximately 90p to make, not including the time taken to make them because I don&#8217;t pay us for the labour.<\/p>\n\n\n\n<p>Though I didn&#8217;t need to buy any ingredients today, I will need to replenish stock later in the week.<\/p>\n\n\n\n<p>From Monday to Thursday, I aim to make \u00a3200 a day.<\/p>\n\n\n\n<p>The caf\u00e9 is in a busy area in the city centre, and trade is massively affected by events, concerts, and shows that have restarted since the coronavirus restrictions lifted. When shows are on, I regularly meet those targets.<\/p>\n\n\n\n<p>I have a milk delivery that arrives on a Tuesday and Friday, and I order enough to fully stock our fridge.<\/p>\n\n\n\n<p>However, because the weekends are so busy, we always run out on a Sunday or a Monday and have to buy some more. | purchased four extra bottles of milk on Monday, and that cost \u00a35.<\/p>\n\n\n\n<p>Not working in the shop on a Monday and Tuesday means I can do jobs that I can&#8217;t do while in the shop, for example going to the bank, doing a stock take, or restocking the shop.<\/p>\n\n\n\n<p>On those &#8216;days off&#8217; I&#8217;ll work approximately three hours. My partner works approximately four hours on a Monday and Tuesday to get on top of the stock.<\/p>\n\n\n\n<p>Today was generally quiet. There&#8217;s not a lot happening in the area today so that was understandable. Slightly disappointing, but I know it&#8217;ll pick up later in the week.<\/p>\n\n\n\n<p><strong style=\"font-size: revert; color: var(--color-body); font-family: var(--primary-font);\">Money earned: \u00a3111.80<\/strong><\/p>\n\n\n\n<p><strong>Money spent: \u00a35<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1675\" height=\"575\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header3-day-2.jpg\" alt=\"Money Diaries day 2\" class=\"wp-image-10745\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header3-day-2.jpg 1675w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header3-day-2-768x264.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header3-day-2-1440x494.jpg 1440w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header3-day-2-1536x527.jpg 1536w\" sizes=\"auto, (max-width: 1675px) 100vw, 1675px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Day 2 \u2013 Tuesday<\/h2>\n\n\n\n<p>Today I need to bank the cash taken from the past week. Cash takings dramatically reduced in the height of the pandemic however I&#8217;ve seen a steady increase over the last six months. Today I banked \u00a3346.60.<\/p>\n\n\n\n<p>I complete small tasks like the banking, and collect anything my colleague needs from our stockroom which is at a different site. <\/p>\n\n\n\n<p>Generally I try to totally relax on a Tuesday before physically going back to work the following day. <\/p>\n\n\n\n<p>So today, my partner and I will spend the day together, going for food or a drink.<\/p>\n\n\n\n<p>My colleague says today was a really good day, and we sold out of bakes. Although we didn&#8217;t meet our target, I&#8217;d still say it was a really good day.<\/p>\n\n\n\n<p><strong style=\"font-size: revert; color: var(--color-body); font-family: var(--primary-font);\">Money earned: \u00a3159.69 + \u00a3346.60<\/strong><\/p>\n\n\n\n<p><strong>Money spent: \u00a30<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1675\" height=\"575\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header4-day-3.jpg\" alt=\"Money Diaries day 3\" class=\"wp-image-10746\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header4-day-3.jpg 1675w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header4-day-3-768x264.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header4-day-3-1440x494.jpg 1440w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header4-day-3-1536x527.jpg 1536w\" sizes=\"auto, (max-width: 1675px) 100vw, 1675px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Day 3 \u2013 Wednesday<\/h2>\n\n\n\n<p>Wednesday is my first working day of the week. I set up the shop as normal and then work through emails, bills, and invoices.<\/p>\n\n\n\n<p>This has become more of a task recently because energy bills have increased dramatically, so I have to balance invoices that have 30 days to pay against our energy bills. <\/p>\n\n\n\n<p>Because of the ever-increasing prices of energy and our suppliers, I recently had to raise our prices. All hot drinks have increased by 20p.<\/p>\n\n\n\n<p>This week our milk supplier got in contact to say invoices for the milk need to be paid. For two months of supply, we owed \u00a3250.20, which I paid today.<\/p>\n\n\n\n<p>Today is also the day that I send our hours to payroll. I work 40 hours a week and my colleague works 20.5 hours. Payroll receives our hours today, but we get paid every Saturday.<\/p>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">The Money Diaries with Sage <\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p class=\"\">In our financial series, anonymous entrepreneurs offer a no-holds-barred look at their salaries, expenses and daily spending habits. Ready to take a peek?<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/money-diaries\/\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tid=\"cta-id-10766\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdata-button-location=\"cta_box\"\n\t\t\t\t\t\t\t\t\t\t\t>Find out more<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1150431964-1-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1150431964-1-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n\n<p>In comparison to other businesses, our wage bill is very small. This means we have more money to spend on stock. <\/p>\n\n\n\n<p>At the minute all the money we earn gets put back into improving the shop. We are constantly changing, adapting and trying to make it the best it can be. <\/p>\n\n\n\n<p>I think that is the reality of having a small independent business.<\/p>\n\n\n\n<p>I have direct debits for HMRC and rent that come out every Wednesday. These come to \u00a3200 all together. I expect these payments to come out every week as they are, of course, a necessity. <\/p>\n\n\n\n<p>I choose to pay the rent weekly, which spreads the cost throughout the month.<\/p>\n\n\n\n<p><strong style=\"font-size: revert; color: var(--color-body); font-family: var(--primary-font);\">Money earned: \u00a3148.25<\/strong><\/p>\n\n\n\n<p><strong>Money spent: \u00a3450.20<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1675\" height=\"575\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header5-day-4.jpg\" alt=\"Money Diaries day 4\" class=\"wp-image-10747\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header5-day-4.jpg 1675w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header5-day-4-768x264.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header5-day-4-1440x494.jpg 1440w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header5-day-4-1536x527.jpg 1536w\" sizes=\"auto, (max-width: 1675px) 100vw, 1675px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Day 4 \u2013 Thursday<\/h2>\n\n\n\n<p>First thing this morning I had to go to our wholesale supplier for cleaning products, soft drinks, alternative milks, and ingredients for bakes. <\/p>\n\n\n\n<p>I don&#8217;t have to go here every week; normally it&#8217;s once every two weeks.<\/p>\n\n\n\n<p>Today I spent \u00a3157.20. This is an invisible cost of the business; for example I don&#8217;t pay us back for petrol or time spent making bakes.<\/p>\n\n\n\n<p>This ensures as much money as possible can be put back into the business, and means we can keep improving and growing.<\/p>\n\n\n\n<p>I have a direct debit set up with our supplier and pay monthly. <\/p>\n\n\n\n<p>This <a href=\"https:\/\/www.sage.com\/en-gb\/blog\/invoice-cheat-sheet\/\">invoice<\/a> was due today and is automatically taken from my account. I owed a total of \u00a3797.50.<\/p>\n\n\n\n<p>I normally have one large invoice or bill to pay each week. Last week it was the electricity bill, this week it&#8217;s coffee. <\/p>\n\n\n\n<p>Most suppliers give us 30 days to pay and this really helps us manage our accounts.<\/p>\n\n\n\n<p><strong style=\"font-size: revert; color: var(--color-body); font-family: var(--primary-font);\">Money earned: \u00a3261.90<\/strong><\/p>\n\n\n\n<p><strong>Money spent: \u00a3954.70<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1675\" height=\"575\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header6-day-5.jpg\" alt=\"Money Diaries day 5\" class=\"wp-image-10748\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header6-day-5.jpg 1675w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header6-day-5-768x264.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header6-day-5-1440x494.jpg 1440w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header6-day-5-1536x527.jpg 1536w\" sizes=\"auto, (max-width: 1675px) 100vw, 1675px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Day 5 \u2013 Friday<\/h2>\n\n\n\n<p>Towards the end of the week is when I place a coffee order.<\/p>\n\n\n\n<p>I&#8217;m away on holiday next week so the order is larger than normal. This means I won&#8217;t have to place another one until I return. <\/p>\n\n\n\n<p>As I mentioned yesterday, this is paid monthly, so no money will have been spent today but the invoice for this week is \u00a3247.96.<\/p>\n\n\n\n<p>Today is a busy day in the city centre as it&#8217;s match day. <\/p>\n\n\n\n<p>Events like the match can affect our trade but so can the weather. Unfortunately, today was rainy and a little cold. I can guarantee a busy trade if it&#8217;s a sunny day. <\/p>\n\n\n\n<p>On Fridays and Saturdays, our target increases to \u00a3500.<\/p>\n\n\n\n<p>I also see alcohol sales massively increase on the weekend, for obvious reasons. Throughout the lockdowns, alcohol was our biggest seller, and I had to adapt the business as hospitality reopened and people returned to the pubs and bars.<\/p>\n\n\n\n<p>I try and make sure the alcohol section is fully stocked for the Friday. This means myself or my partner will have to restock the shop. This is another job that cuts into our own time.<\/p>\n\n\n\n<p>I find that there are quite a lot of these invisible costs while running your own business. On a Friday, we spend at least three or four hours doing work for the business that cuts into our own time.<\/p>\n\n\n\n<p>I&#8217;m close to meeting our target today so generally I am pleased with how much we have taken.<\/p>\n\n\n\n<p><strong style=\"font-size: revert; color: var(--color-body); font-family: var(--primary-font);\">Money earned: \u00a3414.90<\/strong><\/p>\n\n\n\n<p><strong>Money spent: \u00a30<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1675\" height=\"575\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header7-day-6.jpg\" alt=\"Money Diaries day 6\" class=\"wp-image-10749\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header7-day-6.jpg 1675w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header7-day-6-768x264.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header7-day-6-1440x494.jpg 1440w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header7-day-6-1536x527.jpg 1536w\" sizes=\"auto, (max-width: 1675px) 100vw, 1675px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Day 6 \u2013 Saturday<\/h2>\n\n\n\n<p>Today we placed an order with a beer supplier. I&#8217;ve ordered eight different beers; some are full cases of 24 and some are 12 or 18.<\/p>\n\n\n\n<p>It&#8217;s really helpful when breweries offer smaller cases. This means it&#8217;s cheaper and we can offer customers more variety. Today the order came to \u00a3349.20, and we won&#8217;t need to pay this until next week.<\/p>\n\n\n\n<p>Saturdays are also considered a busier day so I don&#8217;t have time to do a lot of extra jobs. <\/p>\n\n\n\n<p>Generally, I&#8217;m making coffees and serving all day.<\/p>\n\n\n\n<p>The caf\u00e9 has a webstore so we can sell alcohol online. We offer pick up as well as local and national delivery. I do the local deliveries personally and again this is another invisible cost that I absorb.<\/p>\n\n\n\n<p>I get charged monthly by the business who helps create and run our webstore. This is approx $70 (\u00a356). <\/p>\n\n\n\n<p>Therefore I spend quite a bit of my spare time in the shop, updating the webstore, making sure it&#8217;s accurate, and adding any new inventory.<\/p>\n\n\n\n<p>Since I have to pay large invoices sometimes, like on Thursday, there will be a few days in the week where both of us will try and spend no money at all. <\/p>\n\n\n\n<p>That&#8217;s the case today and yesterday. This helps build up the cash reserves for the week and ensure we aren&#8217;t overspending.<\/p>\n\n\n\n<p>We were a bit under target today, however I&#8217;m not too disappointed because there were a lot of smaller sales and not many people buying larger ticket items.<\/p>\n\n\n\n<p>Today is the day we pay wages and overall it comes to \u00a3534.98.<\/p>\n\n\n\n<p><strong style=\"font-size: revert; color: var(--color-body); font-family: var(--primary-font);\">Money earned: \u00a3332.55<\/strong><\/p>\n\n\n\n<p><strong>Money spent: \u00a3534.98<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1675\" height=\"575\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header8-day-7.jpg\" alt=\"Money Diaries day 7\" class=\"wp-image-10750\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header8-day-7.jpg 1675w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header8-day-7-768x264.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header8-day-7-1440x494.jpg 1440w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header8-day-7-1536x527.jpg 1536w\" sizes=\"auto, (max-width: 1675px) 100vw, 1675px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Day 7 \u2013 Sunday<\/h2>\n\n\n\n<p>We don&#8217;t set a target for Sunday because it can be hit and miss, it&#8217;s really difficult to predict.<\/p>\n\n\n\n<p>Today was the Sunderland City Runs half marathon and 10k. <\/p>\n\n\n\n<p>We, luckily, were on the route to the start line for the runners, meaning it was a really busy day, selling out of all bakes we had to offer and having to replenish the milk twice.<\/p>\n\n\n\n<p>We have limited opening hours on a Sunday and it is a really pleasant shift, especially when we see so many new faces in the shop, like today.<\/p>\n\n\n\n<p>I try and limit the amount of additional work on a Sunday, so we can be a little bit more chilled.<\/p>\n\n\n\n<p><strong style=\"font-size: revert; color: var(--color-body); font-family: var(--primary-font);\">Money earned: \u00a3360.96<\/strong><\/p>\n\n\n\n<p><strong>Money spent: \u00a38.50 <\/strong><\/p>\n\n\n\n<p><strong>Total money earned: \u00a32,136.65<\/strong><\/p>\n\n\n\n<p><strong>Total money spent: \u00a31,953.38<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"final\">Final thoughts on the week<\/h2>\n\n\n\n<p>Overall, it was an OK week. It could have financially been better on some days but I&#8217;m not disappointed by the figures.<\/p>\n\n\n\n<p>I had a large invoice come out and I had to go to the wholesalers this week so I spent quite a lot.<\/p>\n\n\n\n<p>I&#8217;ve learned that we both actually spend a lot of time doing invisible jobs, but it&#8217;s a necessity and comes with running the business.<\/p>\n\n\n\n<p>I&#8217;ve learned that I spend a lot of time balancing invoices, which give us 30 days to pay and by doing that, it allows me to keep ordering stock.<\/p>\n\n\n\n<p>Managing finances can be difficult and my advice is don&#8217;t be tempted to over spend. <\/p>\n\n\n\n<p>Try and set yourself targets and make changes to help meet them.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Something I bought to treat myself:<\/strong> Went out for a meal with my partner.<\/li>\n\n\n\n<li><strong>An unexpected cost that cropped up:<\/strong> The large invoice for the coffee order. I know it comes out every month but it slipped my mind that it was this week.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"reader\">Reader&#8217;s Response<\/h2>\n\n\n\n<p>And to wrap up&#8230; what are Carl Reader&#8217;s thoughts on the financial habits of our caf\u00e9 owner? <\/p>\n\n\n\n<p>Check out the video below to find out&#8230;<\/p>\n\n\n<div class=\"video-container-wrap -mode-full\"><div class=\"video-container\"><video\n\t\t\t\tclass=\"sage-video video-js vjs-default-skin \"\n\t\t\t\twidth=\"640\"\n\t\t\t\theight=\"360\"\n\t\t\t\tdata-setup='{ \"controls\": true, \"aspectRatio\" : \"16:9\", \"poster\": \"https:\/\/img.youtube.com\/vi\/gHqwcus2RyI\/maxresdefault.jpg\", \"techOrder\": [\"youtube\"], \"enablejsapi\": 1, \"origin\": \"https:\/\/www.sage.com\", \"sources\": [{ \"type\": \"video\/youtube\", \"src\": \"https:\/\/www.youtube.com\/watch?v=gHqwcus2RyI\"}], \"youtube\": { \"ytControls\": 0, \"cc_load_policy\": 3, \"modestbranding\": 1, \"hl\": \"en_GB\", \"playsinline\": 1 } }'\n\t\t\t\tcrossorigin=\"\"><\/video><\/div><\/div>\n\n\n\n<p><\/p>\n\n\n\n \n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">How to boss your small business banking<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p class=\"\">From choosing a business bank account to managing bank reconciliation and using bank feeds, this guide will help you to stay on top of your finances.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-0a38bfe5-48d7-44eb-b934-14aa781da0ca\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download your free guide<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1308847618-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1308847618-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Join more than 500,000 UK readers and get the best business admin strategies and tactics, as well as actionable advice to help your company thrive, in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-b1a63862-3fa0-4a5e-bb67-c76b88bbc6b8\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1073797282-1-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-1073797282-1-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/business-finances\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness finances\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/cash-flow\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tCash flow\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-gb\/blog\/tag\/money-diaries\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tMoney Diaries\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-1043 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-alternative-finance tag-cash-flow tag-crowdfunding business_type-small-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"999\" height=\"666\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/0J9A9593.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/0J9A9593-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/0J9A9593-768x512.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2017\/08\/0J9A9593.jpg 999w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-05T13:25:08+01:00\">5 June, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">9 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/a-business-guide-to-borrowing-money\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tA business owner&#8217;s guide to borrowing money\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tIt&#8217;s a necessary requirement for most businesses but the good news is that it needn&#8217;t be painful of even expensive. Here&#8217;s how to borrow in the best way for your business growth and success.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-15795 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accountant-accounting tag-accountant-automation tag-brexit-business tag-business-finances business_type-small-business business_type-medium-sized-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/what-is-account-reconciliation\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-684x384.jpg\" class=\"card-post__image\" alt=\"man in office\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/08\/GettyImages-1325244864-1-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-02T15:28:18+01:00\">2 June, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tAccount reconciliation: What it is and best practices\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-30283 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations tag-business-finances tag-financial-education business_type-small-business business_type-medium-sized-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/strategic-budgeting\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-768x478.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-944060494-1300x810.jpg 1300w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-27T15:12:53+01:00\">27 May, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tStrategic budgeting explained: the finance team&#8217;s role in long-term planning\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-30270 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-bookkeeping tag-business-finances tag-reporting business_type-small-business business_type-medium-sized-business industry-saas\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/saas-revenue-recognition\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-684x384.jpg\" class=\"card-post__image\" alt=\"A man using a computer and protecting himself from phishing\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-768x512.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2023\/09\/GettyImages-1488918938-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-27T12:11:12+01:00\">27 May, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">14 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tA guide to SaaS revenue recognition with examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-30262 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-bookkeeping tag-cash-flow tag-payments business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-gb\/blog\/purchase-requisition-vs-purchase-order\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-580503469-1-684x384.jpg\" class=\"card-post__image\" alt=\"Running a business\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-580503469-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-580503469-1-768x432.jpg 768w, https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/04\/GettyImages-580503469-1-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-05-27T10:47:56+01:00\">27 May, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">5 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tPurchase requisition vs purchase order: Key differences and how they work\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A caf\u00e9 owner who&#8217;s juggling baking and rising energy bills gives us an honest look at running an independent business.<\/p>\n","protected":false},"author":1332,"featured_media":10752,"menu_order":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sage_video":true,"post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"footnotes":""},"categories":[6],"tags":[135,24,243],"business_type":[4],"lilypad":[],"context":[],"industry":[],"persona":[],"imagine_tag":[109],"coauthors":[577],"class_list":["post-12410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","tag-business-finances","tag-cash-flow","tag-money-diaries","business_type-small-business"],"sage_meta":{"region":"en-gb","author_name":"Secret Entrepreneurs","featured_image":"https:\/\/www.sage.com\/en-gb\/blog\/wp-content\/uploads\/sites\/10\/2022\/01\/Sage_Money-Diaries_Blog-Header-Generic1.jpg","imagine_tags":{"109":"Small 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