PRO TIPS

Business Mgmt 101- Sept 2023

  • Setup a separate business checking account to run all your business expenses and income through.

  • Setup a separate credit or debit card for business transactions only.

  • Save your receipts for your monthly bookkeeping (and in-case you get audited).

  • Use a software like Quickbooks Online or similar to help tag and categorize your expenses and income. This step will help you clearly see how your company is doing by running a profit and loss statement each month.

  • If you haven’t registered with your State, I would encourage you do that.

  • Other important tasks include- opening a tax savings account and paying estimated quarterly taxes.

  • Last but not least, creating good SYSTEMS and being ORGANIZED will be immensely helpful as you start your business. Don’t let your accounting slip through the cracks.