Using an Expense Tracker to Form Good Financial Habits

If you're a business owner just starting out, getting the basics of your business going and starting to separate your business from personal finances, using an expense tracker can help you see how your spending is tracking against your budget.
Jun 27, 2023 — 1 min read
Using an Expense Tracker to Form Good Financial Habits

What’s inside

  • Input your own personal spending to understand your own inflows and outflows.
  • Gaining a better understanding of your business finances.
  • Easily understand your budget so you can stay within it and make any adjustments you might need.
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Square cannot provide advice on tax issues. This article is for educational purposes and does not constitute legal or tax advice. For specific advice applicable to your business, please contact a professional.

Many business owners struggle with getting started managing their business finances. If this resonates with you, you’re not alone. In a 2021 Clutch survey, half of business owners said they didn’t have a documented budget for 2020, and most that made a budget were more likely to stick to them.

If you’re a business owner just starting out, getting the basics of your business going and starting to separate your business from personal finances, using an expense tracker can help you see how your spending is tracking against your budget. 

Square has a broad set of flexible tools ready for nearly any job, and you only ever pay for what you need. If you are a Square seller, there are a range of solutions you can leverage to better manage your cash flow. Consider using this tool with some of these solutions to get a good sense of your budget and what you can do to best streamline it for your business.

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