If you struggle to keep your finances organized for your business, there are a variety of steps that you can take to make sure that you keep your business finances a little more organized.

Open Up a Checking & Savings Account for Your Business

Even if you are the only person who makes up your business, you should set up a business checking and savings account. This may add an extra transfer when you need to pay yourself, but it will help you keep better track of how much money you bring in and will allow you to better track the income you pay yourself and the money that you invest back into your business.

Opening up a savings account will also allow you to put aside money for your quarterly tax payments and allow you a way to save up for equipment or upgrades that you want to make to your business.

Open Up a Business Credit Card

Next, open up a credit card under your business name. Opening up a credit card in under the name of your business instead of under your personal name will allow you to start building a line of credit for your business and will allow you to start building a credit score for your business. This can be useful if down the line you want to apply for a loan for your business.

If you use a vehicle for business, using a business credit card can be a great way to track all the gas that you put into your vehicle as well as all the repairs that you invest in for your business vehicle as well.

Scan Your Receipts

Keeping track of business recipes is essential as a business owner. Your receipts allow you to see what you are spending money on and are also essential for doing your taxes. If you have a hard time savings your receipts, download an application that allows you to scan or take pictures of your recipes right from your smartphone and upload them to online storage.

That way, all you have to do is take a few pictures of your receipts as soon as you get them, and you don't have to worry about keeping track of lots of little pieces of paper all year.

Get a little more organized this year as a small business owner by setting up a checking account, savings account, and credit card under your businesses name. Also, use an app to keep track of your receipts so you don't have to wrangle all those little slips of paper for your taxes. For more information, contact companies like Blueback Accounting.