There are times when businesses complained of income from his business always runs out before the save. If there were to be saved, there were only a little. In fact, a project he has received quite a lot. Supposedly, the business can run smoothly and lives can be happy even though there is no order. However, the opposite happened.
This may have been experienced by some people who started the business world. Moreover, if the business belonging to the family business type. At the start of business, when he gets the project, the money always goes to his family. The term, when it’s happy, forget everything. Forgot to pay electricity, telephone, internet, transportation, and so forth.
And one thing is always forgotten is the record of all activities and transactions. Not many small businesses do. In fact, the recording is an important basic step that must be done to advance the business. Then, how to set up a good business finances?
1. Determine the portion of the financial
The easiest way to manage business finances is to agree early on how many servings of money to be used according to the traffic needed money. For example, how much money will be used to pay salaries, operations, and how profits will be used to develop the business and to save.
The pattern of distribution with this average structure is not absolute. You can define your own. Noteworthy is the discipline of dividing by the value that was agreed upon at the beginning. In this way, you will more easily manage the business finances.
2. Separate personal and business accounts
Once the portion is determined, the next step to do business financial records. Indeed, if the business is still small, we often tend to equate the money received in the effort and money for personal gain. In fact, we usually put the money in an account number.
In fact, if the business finances and personal finances are merged, you will have difficulty in monitoring the income or expenditure that has been done. By performing the separation between the financial records of business with personal finances, it will be easier to distinguish between the flow of funds from businesses to use the money for personal gain.
In addition, the separation of the recording can also provide further information about the financial state of enterprises that are running. Moreover, the current number of banks already provide product support services to the financial records of your efforts.
3. Do not be easily tempted
This is the main point as a form of self-discipline effort. And, indeed the key to managing money is a discipline in keeping the business portion of the percentage that we set for business and personal finances.
The temptation is usually used to come when she was a lot of orders. The goods were not already too important to be like “asking purchased”. Occasionally, when large amounts of money coming in, we suddenly feel the need for this and that. One of them, buy clothes with a reason to look more reasonable when meeting clients.
It never hurts to fulfill that desire. But with a note, you should be able to distinguish between needs and wants. Before you buy something with a business reason, ask first, whether it is an urgent need or desire that can be postponed. Well, this answers that will help you determine where the money could be used.
Where possible and have sufficient funds, you can use accounting software for business financial records. With this software, financial records could be made more professional and neat. That way, you also do not have a gap to casually pick up business money for personal needs.