Updated: Jan 16, 2023
Create a separate business bank account and credit card. Keeping your business and personal accounts separate makes it easier to keep track of business expenses and income.
Utilize an accounting software such as QuickBooks, Xero, or Freshbooks to help you keep track of your expenses and income. This will allow you to quickly view how your business is performing from month to month.
Pay yourself a salary. This will help you keep your personal and business finances separate, as well as give you an idea of how much money your business is making.
Open a business line of credit. It's important to have a separate line of credit for your business so that you don't have to rely on your personal finances to fund your business.
Hire a professional accountant or bookkeeper to help you with your business finances. Having a professional to help you manage your finances will ensure that your finances are kept organized and up-to-date.