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5 Simple Tricks for Keeping Your Monthly Finances Organized

Whether for your personal or business accounts, spend some time reviewing your finances on a regular basis.

Question: What trick can you share for making sure your monthly financials (personal and/or business) always reflect the correct purchases?

Organizing Through Mint

"I have accounts for my personal and business use on Mint.com. It allows you to add all cash, credit, loans and investments and automatically itemizes and categorizes to easily download to Excel for additional analytics. You can add notes, filter, re-label, etc. It makes it easy to read, hand off to the accountant, and saves time when trying to figure out any financial questions."


Weekly Housekeeping

"For business, I use QuickBooks online to track multiple checking and saving accounts. You can easily provide company executives and your accountant access to run reports. Though it can be tough, keeping a weekly schedule to review transactions helps you recall the reason for a purchase for quicker categorization, which makes your life easier towards year end and quarterly reviews."


Staying Vigilant

"The best advice I can give anyone is to keep track of every single purchase you make with even a vague connection to your business – and to keep your personal and business accounts separate wherever possible. I've seen too many entrepreneurs whose financials are a confusing mess simply because they buy dinner and groceries with their business account."


Using Different Accounts and Cards

"I have a separate credit card for my personal and business purchases. Online purchases usually let you choose payment options so I can pick the credit card that it should reflect. This allows me to avoid putting the wrong purchase in the wrong category."


5 Simple Tricks for Keeping Your Monthly Finances Organized

Whether for your personal or business accounts, spend some time reviewing your finances on a regular basis.

Question: What trick can you share for making sure your monthly financials (personal and/or business) always reflect the correct purchases?

Organizing Through Mint

"I have accounts for my personal and business use on Mint.com. It allows you to add all cash, credit, loans and investments and automatically itemizes and categorizes to easily download to Excel for additional analytics. You can add notes, filter, re-label, etc. It makes it easy to read, hand off to the accountant, and saves time when trying to figure out any financial questions."


Weekly Housekeeping

"For business, I use QuickBooks online to track multiple checking and saving accounts. You can easily provide company executives and your accountant access to run reports. Though it can be tough, keeping a weekly schedule to review transactions helps you recall the reason for a purchase for quicker categorization, which makes your life easier towards year end and quarterly reviews."


Staying Vigilant

"The best advice I can give anyone is to keep track of every single purchase you make with even a vague connection to your business – and to keep your personal and business accounts separate wherever possible. I've seen too many entrepreneurs whose financials are a confusing mess simply because they buy dinner and groceries with their business account."


Using Different Accounts and Cards

"I have a separate credit card for my personal and business purchases. Online purchases usually let you choose payment options so I can pick the credit card that it should reflect. This allows me to avoid putting the wrong purchase in the wrong category."


See Also: Mastering the "Four Ps" of Office Communication

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