5 simple accounting tips for DIY small business owners
Don’t worry: You can run a small business even if math isn't your strong suit.
Accounting and bookkeeping can be a daunting task even for experienced business owners, but there are a few simple strategies and slick tech solutions that can keep your company's finances in working order.
Check out the videos below to learn how other entrepreneurs approach tracking finances, and get inspired for your own ventures.
Keeping accurate books
Bookkeeping doesn't start and end with sales figures.
Separating your business expenses
Resist the urge to combine your personal expenses and your business expenses.
Determining critical expenses
Avoid useless costs by focusing your budget on the present and not overspending on the future.
Taking advantage of tax deductions
As a small business owner, you likely qualify for a variety of tax breaks that will help you save money.
Minimizing cash expenditures
Cash can be tough to track. Use a credit card for business spending so you can easily monitor outgoing funds.
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