How to Separate Personal and Business Expenses

Mixing personal and business finances is one of the most common mistakes I see with small businesses. The mess it cost can be catastrophic at tax time, or even when your company goes to apply for a loan of sorts. This may be you and you are not sure how to make things work out correctly or even how to take a step in the right direction. Here are a few tips to help you get started. Create a Business Checking Account This should be your first step when starting…

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Finance Management of Small Business

Managing finances in a business is among the few important things that need to be considered when starting and carrying out a business. It is all about efficiently and effectively utilizing available funds in order to achieve the objectives of the business. Financial management is aimed at planning, observing, organizing and managing the monetary resources of a business. Small business finance management strategies Small business finance management is mostly concerned with procurement, allocation and control of financial resources so that a regular and adequate supply of funds is maintained to…

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