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.