No matter what kind of business you run, it’s important to have an accurate understanding of your shop’s financial health. Keeping track of your expenses helps you make more informed decisions — and helps you avoid surprises like an unexpectedly large tax bill or unnecessary debt.Whether you use accounting software or more old school methods, knowing how much money is coming in and going out is the first step toward better bookkeeping. Read on for tips for managing the financial side of your business and a free tool you can use to track your expenses....
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