Yes, I have been counting getting ready for the bean counter next week for my tax return. No matter how small your business, having a good handle on the financials is so important. I think I have mentioned before how this was one of the downfalls in my personal life many years ago, and something I have had to work hard at.
In past years, I would go to the accountant at tax time swimming in my own sweat of anxiety. There were a couple of years that I even failed to put in my returns and paid a hefty fine for it, which only added to the anxiety each year.
Now with the inner work that I have done around money, I can now tackle the financial side of the business with a degree of confidence. With modifications over the past couple of years, I now have a reasonable system in place to keep track. I currently use a free online accounting system called Manager. It is simple to use and does everything that I need to at this stage of the business, with option to expand its functionality if the business changes over time.
Flying Solo Tip 085365 : Only start a business once you have a healthy wealth psychology and good financial systems setup.