Kirk Simpson, co-founder and CEO of Wave Accounting knows all about how challenging it can be to stay on top of small business finances. Fortunately, his recent article in Forbes shows that it can be done by staying on top of five simple things:
- Don’t Mix Your Personal & Business Finances. With such hectic personal and business lives, it’s tempting just to whack personal purchases on a business card, and vice versa. It’s a mistake.
- Hire a professional accountant.
- Keep at it – spend a little time on your finances every day instead of letting issues pile up.
- Stay on top of the labor costs.
- Keep on top of due invoices with an iron clad fist.