When you own and operate a small business, it is critical that you keep close tabs on your finances. There’s nothing worse than owing more money at the end of the year than you’ve actually made. Budgeting your business begins before you open your doors. In fact, it begins at the business [...]

There is a lot of paperwork associated with owning a business of your own. When you set up your small business, don’t forget to include a budgeting plan. This budget should include an amount that you pay yourself as the owner of the business. Also be sure to separate business and personal [...]

Budgets are fantastic tools to keep smart business owners from spending too much, but what happens when you have more money than you’ve budgeted for? What do you do when there is an excess? What a problem to have!

One of the first steps for many small business start-ups is to seek funding. For many, this means applying for a small business loan. Applying for a small business loan isn’t like applying for a credit card, you will have some planning to do.

Tracking your business spending is critical to your success. It helps you stay out of debt, it makes it easier to make financial decisions, it makes you more confident in your business and your finances, it helps save time during tax season and it is just a good and solid business practice.

Want to know how to make more money with a budget? It’s quite easy actually. Keeping track of your spending means you’ll have control over your money and quite likely you’ll spend less. But it is what you do with the excess that matters.

Creating a business budget is very similar to creating a personal budget.  However there are some differences.  When you own a business, taxes are not directly taken out of your income, which makes your income and any quarterly tax payments extra important to track.  Having an accurate and realistic budget will help you make accurate [...]

Small business owners generally fall into two categories. There are the business owners that let their accounting tasks, invoicing, and payables pile up on their desk – or even in a shoe box, until they’re forced to face the music. Usually this happens around tax time.

I’m a big fan of accountants, but that’s mostly because I don’t like taking the time to figure things out.  When it comes to money, I’d much rather listen and follow the advice of an expert than to try to learn it on my own.  However, when you’re creating a business budget, you may not [...]