You’ve started a small business. Generating sales, tracking expenses, paying taxes…..it can all be so overwhelming. The most important way to gauge how your business is doing is to track what is going in and what is going out.
As time goes on, and your business becomes more and more complex it will be harder to stay organized. I have a template I print off every month that has a place for notes, trips taken, large equipment purchases, tax notes etc so I can keep it all straight at tax season. Have a central place where you collect receipts and statements. [Read more...]