Small Business Financial Management
Track expenses & income
Record business transactions accurately for informed decisions.
Create a budget plan
Plan income & expenses for a period; adjust to stay on track.
Use accounting software
Automate financial tasks & reports; choose affordable options.
Separate personal & business finances
Avoid confusion & legal issues; open a separate bank account.
Plan for taxes & expenses
Set aside funds for unexpected expenses; don't be caught off guard.
Consider hiring an accountant
Get help with bookkeeping, tax planning & financial tasks.
Monitor cash flow Regularly
Regularly check the money coming in & going out; ensure enough funds for expenses & growth.