How to Track Home Business Finances

Sara
Picture courtesy of freeDigitalPhotos.net/patpitchaya The survival of a home business depends on keeping track of finances. This applies especially during tax time when businesses need to find and make the appropriate deductions. By taking steps to track finances, small businesses appear more professional and may have better financial success.   Required Items: Bookkeeping software, Home business dedicated credit card or debit card, Filing system   Tracking Home Business Finances Separately Separate business finances from personal finances. Many business owners who work from home merge their personal and business financial records for ease-of-use. This habit however, can lead to mistakes and costly errors.