It is a good thing to be able to keep track of what comes in and what goes out when it comes to the money in your business. If you do not than soon you will be out of business because your expenses are higher than your income. You are going in a hole that you might not be able to get out of and you are out of business.
If you are a small business you can get programs that help with this. I like Intuit / quick books. They are easy to use, secure (if you are doing it online). If you have a budget for an Accountant than do it that way. They can help you to stay on track with your business.
This is a video on the budget and how to set one up and more.
You want your company to stay in business for some time to come. It is really needed to know where the money is coming from and going to so that you can make adjustments to the budget as needed. Stay on top of it or find someone who can help you to stay on top of it. This way you will be able to grow and move forward from year to year.
Dan and Deanna “Marketing Unscrambled”
MarketingUnscrambled 