Are you clear on the money side of your business?

Up until very recently, (this last week in fact), I used an Excel spreadsheet to track my finances. I didn’t realize it, but until recently I didn’t really know how to track my business finances, and part of me didn’t want to know, because I was pretty sure I wouldn’t like what I saw. But at a business seminar last week, I came face to face with my resistance and realized that I didn’t have a clear idea of my business finances. Sure I could tell you at the end of each month what my expenses were and what I had brought in, but I had a very fuzzy understanding of the relationship between the two.

So last week, I buckled down and started learning quickbooks. I’m still learning it, but already I’m developing a better sense of the income flow.