How do you manage expenses for your small business?

kriscabrera
Tourist
10 0 0

Hey guys been running a small business for about 2 years now, specializing in off road parts. I am at a point where I need help seeing where my money is going so i can pay myself and save some. I am making a good amount and according to the reports am making good profit. But it seems like I don't see it at all. I do have manufacturing I have to pay etc. But my questions is how are you guys going about managing your money? You have an app? hire someone? looking to hear your though. FYI this is a side hustle so its hard for me to do it since i have a full-time job. Thanks in advanced! 

 

in case you wanna see my store check it out

 

www.stayflushmotorsports.com 

Replies 2 (2)

gavinw
Excursionist
30 2 8

All my life, I've been wondering the same question - where is my money going? Joke aside, I did struggle to track my expenses for a long while. Gladly, now we have plenty of options to choose from, you can check them out here.

 

I use Mint, it's very user-friendly and easy to use. It integrates with many different banks, so you can easily import your account data into the app. It also categorizes your expenses for you, so you can see where you're spending your money and how much you're spending on different categories. You can set up budget goals and track your progress toward reaching them.

 

Nowadays, if you need something, like a tool or an app for a particular purpose, chances are someone already came up with it. I heavily depend on modern technology, as I am in digital marketing. There will always be a guide to help me choose the best email marketing tool or  template to help me when I write a social media proposal. My point is - in every line of work there is a bunch of useful tools and I'm always happy to share my experience with those I've used. 

 

Hope you find it helpful and good luck with your business! (By the way, whoever designed your website, did a great job!)

kriscabrera
Tourist
10 0 0

Thanks so much Gavinw! This is very useful, I have used Mint before and I totally forgot! I am going to look into it! 

 

I designed the site myself! thank you! took me a while but am pretty happy with it!