Bode Office Solutions

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Welcome to Fantastic Finance Fridays
As a Profit First Professional guide, finance, and operations manager, I look for ways to help entrepreneurs and solopreneurs create their enterprises to be sustainable and profitable. Are you doing what you love and getting paid to do it? Are you experiencing challenges in paying yourself monthly? Do you run out of money at the end of the month? Each week, I will be providing tips for operations management and finance to provide simple, doable steps to move you and your business to run with greater ease.
The first and foremost foundation of your finances is to have a separate business bank account. Today you have several up options for business banking. New online banks offer easy setup, minimal or no fees, and mobile banking. You can now make instant deposits and transfer money while on the go. As the activity increases in your bank account between you, your phone, and your bank, it is more reason to have an accurate, timely accounting and record-keeping system. Be consistent. Staying on top of your money going in and out is paramount. Consistently having funds available for annual renewals, one-time purchases, and contingency plans are essential. I recommend maintaining one primary Business Operations checking account, one Tax Savings account, and a separate Owner's Pay account to start. It is best to keep your business expenses separate from your personal expenses. Separating your business income and expenses will allow you to know if your business is sustainable. Keep it all in one place. Make it easy on yourself. You can get started today! For more info on the Five Mistakes Business Owner's Make. Get your copy you can go to www.bodeoffice.com to learn more.

Next week's message will be about Owner's Pay and the Rewards of owning your own business. I can't wait until next time have a fantastic finance Friday