Set up a Monthly Budget and Stick to it
All businesses should have a monthly budget in place. Without a budget, you may feel like you have no idea where your money is going by the end of the month. It is easy to set up a simple budget with a few categories. Allot certain set amounts of money to different expenditures, and keep your spending within these limits. If you have had difficulty with managing money in the past or developing a business plan on your own, get help from an expert. In the end, it is worth paying the up front costs associated with an accountant or business planner. Together you can determine the best course of action for your company’s financials.
You can find free business budget templates online.
This is a free spreadsheet you can use online through Google Docs:
Or you can download spreadsheets for Microsoft Excel in the Office Template Library like these for Excel 2003 or later:
Rolling business budget and forecast
Operating Expenses for managers
