Organizing Your Business Financials

Tips for organizing your business financials:

  • The first step to organizing your business' financial life is to separate business and personal funds. If you don't have a separate checking account for your business, get one! As you spend money, use your business account on business related purchases only. Don't co-mingle business & personal money.
  • Mark your receipts with the name of the project (if you are billing your customer/client) or the expense category.
  • Set up habits & routines for managing receipts & bookkeeping tasks. For example, every Friday I reconcile my receipts & accounts as I track client hours and invoices. It's quick & easy to review one week's worth of appointments, receipts and expenses... but if you let it pile up, it becomes a monster task - very overwhelming!
  • We recommend Quickbooks Online for most of our small business clients. It's easy to customize & use and saves you money paying a bookkeeper.
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