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5 simple accounting tips for DIY small business owners

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Dont worry: You can run a small business even if math isn’t your strong suit.

Accounting and bookkeeping can be a daunting task even for experienced business owners, but there are a few simple strategies and slick tech solutions that can keep your company’s finances in working order.

Check out the videos below to learn how other entrepreneurs approach tracking finances, and get inspired for your own ventures.

Keeping accurate books

Bookkeeping doesn’t start and end with sales figures.

Separating your business expenses

Resist the urge to combine your personal expenses and your business expenses.

Determining critical expenses

Avoid useless costs by focusing your budget on the present and not overspending on the future.

Taking advantage of tax deductions

As a small business owner, you likely qualify for a variety of tax breaks that will help you save money.

Minimizing cash expenditures

Cash can be tough to track. Use a credit card for business spending so you can easily monitor outgoing funds.

Brought to you by Capital One Spark Business. Learn More about what the Spark Cash Card can do for your business here.


Watch next: Just One Thing: Inspiring your workforce

Read more: http://mashable.com/2016/12/07/tracking-finances/