Running a business is empowering, but it also means wearing every hat including bookkeeper. Whether you’re just starting out or scaling up, here are some tips to keep your finances clean, clear, and stress-free:
Start with a simple financial toolkit
If you’re not an Excel wizard, relying on it to track your business finances at a glance can get challenging. Instead, consider using a dashboard tool like 2UFi’s that’s visual and automatically updates. The right platform will help you track things like cash flow, money in-and-out, and spending categories.
Separate business and personal finances
Set the habit of keeping business and personal finances separate. Use dedicated business spending accounts to simplify tracking, reduce errors, and make tax season far less painful for solopreneurs.
Find passive ways to grow your cash
Let your idle business cash work for you. The 2UFi Business Suite’s* automatic sweep moves excess funds into your savings account nightly, helping you grow your money passively while keeping your operating cash accessible. It’s a smart way to stay liquid and earn more without lifting a finger.
Keep detailed financial records
Whether physical or digital, organized records are your best friend in financial planning. Tools like the 2U Passport keep all your key documents in one place.
At 2UFi, we believe solopreneurs deserve tools that work as hard as they do.
*2UniFi, LLC is a financial technology company, not a FDIC-insured bank. Banking and lending products and services are provided by Bank of Jackson Hole Trust, Member FDIC. Deposit insurance covers the failure of an insured bank.
