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Bookkeeping may not be your cup of tea, but it's a necessary part of any business. "Businesses can't continue if they don't have a good picture of how they have succeeded," says Kathy Cunha, a services supervisor at FlexTime Financial, a unit of Salem, Oregon-based CPA and consulting firm Aldrich Kilbride & Tatone. These bookkeeping basics will keep your business on track financially.
Separate business from pleasure. Don't mix business and personal expenses. Cunha advises opening a separate business bank account, using a different credit card and keeping business receipts separate.
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