When developing a system for keeping your books, remember to keep it simple, otherwise you`ll spend more time minding your books than minding your business. For a small business, a simple spreadsheet can be set up to record your sales/income, your expenses (be sure to categorize these!), and your inventory if you have it. There are many off-the-shelf software packages that you can simply install and begin using without much customization. Often these programs are designed to grow as your business grows and are usually compatible with other programs you may be using for other parts of your business, such as contacts, planners, and other databases.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Ask a Question

Not finding the advice and tips you need on this Small Businesses Tip Site? Request a Tip Now!

Guru Spotlight

William Pirraglia

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!