If you're starting a business, one of the first things you'll need to do is create a ledger. This will be a record of all the transactions made by your business, both income and expenses. Creating a ledger is relatively simple, but it's essential to do it correctly to stay organized and on top of your finances. To create a ledger, you'll need to create a separate account for each type of income and expense. You can then add transactions to each account as they occur. You can do this manually or use accounting software to automate the process. Once you have a few months' worths of transactions, you can start to see patterns and trends in your business finances. This information can be beneficial as you decide how to grow and manage your business.