5 Simple Tips To Keep Your Small-Business Finances In OrderAccording to Forbes

1. Always separate your personal expenses from

business expenses

Your kid's backpack isn't a business expense...

Don’t pay personal expenses from your business credit card.

Don’t pay business expenses from your personal credit card.

2. Call in a pro

Accountants have been trusted and respected allies to small business owners everywhere.

Are you thinking of doing it yourself?

Really, don't.

When things get technical or taxes are due, save yourself the money, time and headaches.

Call in a trusted professional.

3. Write it down

Set aside about 15 minutes every week

Organize your finances...

Don’t let other things take priority during this time.

4. Consider your people

Don’t forget to properly track what is likely one of your biggest expenses...

LABOR.

Tracking your spending on labor, perks and benefits...

can help you make better decisions later.

5. Don't forget to

GET PAID

Many small business owners don’t properly track invoices and customer payments.

Properly track all payments due.

Record these payments accurately on your books.

Know when each invoice is paid.

Check how long customers generally take to pay.

Identify which customers you’ve had difficulties collecting payments from in the past.