1. Separate Business and Personal Finances

Open a dedicated business bank account and business credit card. Mixing personal and business expenses can cause confusion and make tax preparation much harder.

2. Schedule a Weekly “Money Hour”

Set aside just 30–60 minutes each week to review income, categorize expenses, and reconcile accounts. A regular routine prevents tasks from piling up.

3. Go Paperless

Digital records are easier to organize, access, and back up. Scan receipts, use cloud storage, and consider apps that capture expenses directly from your phone.

4. Track Everything in Real Time

Avoid waiting until the end of the month (or year) to record transactions. Use apps or software that sync with your accounts and track expenses in real time.

5. Understand Basic Bookkeeping Terms

You don’t need to become an accountant, but learning key terms like revenue, expenses, accounts receivable, and profit & loss will make your financial reports more meaningful.