Skynar Bookkeeping
Call 734-335-7702
  • Home
  • About Skynar
  • Our Services
  • FAQS
  • Tutorials
  • Blog
  • Our Locations
cash
expenses
financial records
money
Skynar
Skynar Bookkeeping
skynar bookkeeping services
Small business
small businesses
tax preparer
taxes

Three Things To Do With Your Cash

SkynarBookkeeping  /  May 24, 2018

By: Rachel Raupp

There’s so many “what not to do’s” with your money that sometimes you’re not really sure what to do with it at all! Part of running a business is being able to control where your cash goes and how it’s being used. Being proactive and preparing for the future is the best course of action when it comes to running a business. Don’t let surprise expenses stress you out. Instead, beat them to the punch. 

  1. Plan Ahead for Large Expenses

An important part of a business is planning ahead for major expenses in your future. It’s vital to budget for things like supplies, inventory, and repairs. If you plan ahead and have a game plan in place, you won’t be caught off guard when you run out of supplies or need brand new computers for your employees – instead, you’ll be prepared. You can say goodbye to your panic when large expenses come your way because you’ll be ready! 

  1. Put It Aside for Taxes

Don’t let your taxes get you down. By keeping accurate financial records, you’ll be able to figure out how much money to set aside each month to put toward your taxes at the end of the year. This sounds simple (and it is!), but many people don’t do it. Get in the habit of doing this and you won’t be taken aback by your taxes at the end of the year. We advice meeting with a CPA or Tax Preparer to help you determine what your estimated taxes will be. 

  1. Avoid Using It At All

Do your best to not use your physical cash; this makes it hard to keep track of your spending. Instead, use your debit or credit card, which will keep track of your purchases and the exact amount spent so your records will be accurate and can be tracked much easier.

Newer
All
Older

Contact

Skynar Bookkeeping – Corporate Office – South Lyon, Michigan
13052 Pembrooke Circle
South Lyon, MI 48178
Phone 734-335-7702
Email info@skynarbookkeeping.com
68300 CR 388
South Haven, MI 49090
Phone 734-335-7702
2534 SW 13th Ave
Cape Coral, Florida 33914
Phone 239-361-2100

Connect

© 2025 Skynar Bookkeeping Powered by Jottful Plymouth and South Haven Michigan | Cape Coral Florida