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What tools do you currently use to keep your personal/business finance in check?

Pen and paper and an accountant whom does a great job for our business, grateful to have her.
 
Pen and paper and an accountant whom does a great job for our business, grateful to have her.
Yeah that's actually the best tool you can use a pen and a paper. Because you can easily write down all of your expenses and revenues in order to manage your finance every month
 
Yeah that's actually the best tool you can use a pen and a paper. Because you can easily write down all of your expenses and revenues in order to manage your finance every month
Hope this was sarcasms.. You dont know how many times i had to rewrite it down because i had lost it...
 
Hope this was sarcasms.. You dont know how many times i had to rewrite it down because i had lost it...
Lol, that's a different problem. And you don't have to keep the paper all the time with you. I was just saying to use it in order to have a better and bigger picture of what's going on with your finance.
 
My current back provides couple of tools to provide graphs based on the income and expenditure.

So, I usually don't go with any third party tools. As soon as I log into my net banking application, all the tools are available and there are no popups either. I would suggest others to first make use of such tools before opting for third party services.
It's better to be safe than sorry.
 
When it comes to finance, I still go the traditional route of spreadsheets and the use of my paper and pen.
 
Some softwares will do it for you flawlessly, unfortunately I am not an accountant to prescribe one for you but I could find out from my friends if you're really interested.
 
We've different websites that perform thatkind of option. But I will go for Budget room to make the job a lot easier
it s like the jokes about us going to the moon and investing 10mils USD into a pen that works in space and the russians took the pencil in space.why pay for something extra?
 
I don't have an particular app or tools that I use to budget my money. If it's not that much, I can just calculate it in my head. However, if it's monthly budgeting that involves quite amount of money and lists of expenses, then I would need a paper, pen, and a calculator.
 
I think pen and book with a financial accounting department is the best option, I Know of different companies and businesses that uses this and their finances remain stable fro years without any problem
 
I will say I do is I make my list of preference. From thecmost important to the least important, doing that i have been able to guide my finanances and have been able to avoid excess spending. And believe me it is really working.
 
A number of new company directors, particularly sole owners, often neglect to divide their bank accounts, bookkeeping and other expenditure between their personal finances and business finances, with inevitably leads to problems later on down the line. The confusion arises as to how you separate what you owe with your business tax and income tax individually.
 
If you have an accountant at your disposal, then you should maximise their worth by utilising them at all times. If used well, accountants can be an excellent means of shielding you from any tax and financial problems at a later stage , and can undertake the process of keeping your company’s finances in check on your behalf, so that you don’t have to.
 
Pen, paper and my laptop and I also hire a sales personal that will keep everything going and calculate everything at the end of the day
 
  • Mistake #1: Spending every penny. ...
  • Mistake #2: Spending too much on housing. ...
  • Mistake #3: Carrying a balance or running up credit cards. ...
  • Mistake #4: Not saving for retirement. ...
  • Mistake #5: Investing too conservatively for long-term goals.
 
I keep account of all the inflow and out flow of my business and for the past 10 years I can give account of my business with no sweat. It even helps me to track back to some sales I made over a specific time should I be needing such services to tend to a customer. These accounts are also properly catalogued.
 
I'm not quite acquainted with budget root, but I have heard positive reviews about it. I'm sure a lot of people still do it the old fashioned way, also you can make use of a financial audit company, or better still have an accountant in that business.
 
Concerning what tools I currently use to keep my personal/business finance in check. Well, there is the normal manual use of the paper and pen to keep track and check of my finance and I make use of the Microsoft excel application to also keep tracking because it helps to keep tract and to make some calculations withformulas, it is easier to use
 
What tools do you currently use to keep your personal/business finance in check?

currently using https://www.BudgetRoot.com

what about you guys?
Never heard that, there is any tools used to keep business finance in check before. How is this being used. Was ur account bring attached to the site or how is being done.

Stay humble stay focus on the course. And never give give up.
 
Income must always at all times be greater than expenditures

As expenditure rises, income must rise
Strong focus in getting multiple streams of income.

Wise investment decisions to keep the continuous flow of money

Avoiding any thing that is not highly necessary for living.
 
My finances are easy to handle because I have few transactions except for the regular purchases. My wife and I use the spreadsheet for logging the transactions so that at the end of the billing period we have something to verify with the credit card statement. With our other concerns with finances most of our savings are kept in a bank account so we just check the balance and we already know if we have something for our savings.
 
What tools do you currently use to keep your personal/business finance in check?

currently using https://www.BudgetRoot.com

what about you guys?
Simply ballpen and paper with matching calculator are the best to use to calculate your business expenses, investment and income. But modern technology and computers make manual computing work easier.
 
I don't have a personal business of my own but where I work, we make use of a professional accountant who has the use of a desktop computer, calculator, books, pens and several office tools in the process of doing his job.
 
As business owners , it is very important that we know how to seperate the monies gotten from different businesses and money for our spending. Normally, I have already designed a system if accounts in place that allows me to track all these with minimal work and ensure I do not make very expensive mistakes.
 
Are used bookkeeping tools to register and keep record of all daily transaction, this is what are used as a business man to monitor the financial daily transaction and sales of my business everyday.
 
I just use the normal paper and pen system to keep records of accounts. Though it’s old fashioned but it’s still effective. I also use Microsoft excel to keep records of financial transactions.
 
On the off chance that you are looking on online software, at that point SlickPie is the best monetary device for any private venture. It's overall bookkeeping programming. It planned is instinctive and easy to comprehend.
 
My aunt is an accounting teacher and I am knowledgeable in this area. Since I studied in a financial institute, in this case I should not look for options outside my knowledge and the support of my aunt. But I know that there are many good sites that can solve the situation in many entrepreneurs.
 
What tools do you currently use to keep your personal/business finance in check?

currently using https://www.BudgetRoot.com

what about you guys?
I take into consideration the outcome of the day by analysing profit and loss as well as turnovers,build good customers environment.
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I just use the normal paper and pen system to keep records of accounts. Though it’s old fashioned but it’s still effective. I also use Microsoft excel to keep records of financial transactions.
The knowledge of Microsoft Excel is an addition and this as help me alot in keeping track of data, one of its capabilities is it's ease of use and pattern.
 
What tools do you currently use to keep your personal/business finance in check?

currently using https://www.BudgetRoot.com

what about you guys?
Cost benefit analysis is one thing I use. Also I do debt to profit ratio to know what exactly the financial position of the business is.
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What tools do you currently use to keep your personal/business finance in check?

currently using https://www.BudgetRoot.com

what about you guys?
I will check out the site address you posted in the thread to see if I can also adopt the same techniques as yours.
 
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Personally, i don't like using electronic tools or cloud-based systems. Because when you lack internet or you don't have your gadgets, you will not be able to prepare or organize your budget. I prefer using pen and paper. The old school way.
 
I ensure I have saving account for my business.. In it, I keep the money I hope to use to expand my business. This way my business will continue to grow
 
my intuition has a number of tools to deals with such problems including pen and paper with an effective manager together with adequate finance or capital.
 
i know people that are using Excel spreadsheets or even papers to keep track of their businesses financial situations, but all of them should be fine as long as you are tracking your business
 
Personally, i don't like using electronic tools or cloud-based systems. Because when you lack internet or you don't have your gadgets, you will not be able to prepare or organize your budget. I prefer using pen and paper. The old school way.
We are the same, my sister once damaged her pc and lost all her information. So it is better to do it in the traditional way, or in the clouds but it can also be limited, because of the previous thing of the pc.
 
I have a book which I use to keep my personal/business finance in check. I do this everyday in order for me not to make mistake on my business finance.
 
Pen and paper and an accountant whom does a great job for our business, grateful to have her.
Pen and paper for me too as well as Microsoft Excel, I use it to record sales, stock levels, expenses, customers details. Though I do it all by myself because it's still a small business.
 
the best of such tools I use like someone up there accurately said is my pen and paper and the help of my business account to help male sense of those figures I need clarification on
 
I do not use third party tool to keep my business in check. The only tools I use is my business records. I make sure that my accounting and bookkeeping records are updated from time to time and I check for any anomalies on time to make amendment.
 
Yes I totally agree that pen and paper plus a good account is a way to keep the financial aspect of a business in check especially for those who do not have access to the internet, the good old fashioned way will do.
 
When it comes to finance, I still go the traditional route of spreadsheets and the use of my paper and pen.
I usually go the same route also,as i normally write down to to do expenses and the revenue that comes in.I used this method of black and white because it is very handy and easy to spot at a glance.
 
I usually go the same route also,as i normally write down to to do expenses and the revenue that comes in.I used this method of black and white because it is very handy and easy to spot at a glance.
Yeah! For me, nothing beats scribbling on a book what my expenses are although for the sake of accountability, I do use spreadsheets at the end of the day.
 
Well, in reply to your question in the above post concerning what tools do i use to keep my business and or finances in check, well i do not use an app like yoh have suggested, I do calculate it myself and download some templates as well to help
 
I come to understand that there are some kind of softwares and tools out there that can actually help one in managing some little accounting tasks in the go that I will need to aquire. Will look into it soon
 
I actually have an app called piggy vest which I use to track.my spendings, the app is great and also summarize my income and expenses statement and send it to my email.
 
I'm not quite acquainted with budget root, but I have heard positive reviews about it. I'm sure a lot of people still do it the old fashioned way, also you can make use of a financial audit company, or better still have an accountant in that business.
Same here just hearing about it, but what I do know is that when we track our spendings it gives us a conscious frame of how things are and how we ant them to be
 
Indeed when you start to keep track of your spending and expenditures, it allows you to keep a tab on your finance positively, you can cut the excesses and perhaps save the money.
Same here just hearing about it, but what I do know is that when we track our spendings it gives us a conscious frame of how things are and how we want them to be
 
Indeed when you start to keep track of your spending and expenditures, it allows you to keep a tab on your finance positively, you can cut the excesses and perhaps save the money.
Read about this in a book during the lockdown, the power of habits, I must say I began to track my spendings then like the book said by writing down my purchases, it was really helpful maybe I would take that on back
 
Read about this in a book during the lockdown, the power of habits, I must say I began to track my spendings then like the book said by writing down my purchases, it was really helpful maybe I would take that on back
Definitely, I think it would be great if you can even make it a habit. It helps a lot, I haven't quite grown into it yet, but will probably start someday.
 
One need to create a personal business website to store all.the business data, and store them in a secured way to avoid any break from intruders or risk losing it cos if unforseen things.
 
There are many tools you can use to keep your personal finance in check. There are some mobile application that can definitely do that for you.
 
One need to create a personal business website to store all.the business data, and store them in a secured way to avoid any break from intruders or risk losing it cos if unforseen things.
This one is a big business that you can digitalize ,but this is almost impossible in a small business because it will not work for you to digitalize a small business that is growing from the scratch.
 
I'm not quite acquainted with budget root, but I have heard positive reviews about it. I'm sure a lot of people still do it the old fashioned way, also you can make use of a financial audit company, or better still have an accountant in that business.
One thing I do to keep my business in check is all the things you can do financial auditing every two month or every 6 months of the year.
 
This one is a big business that you can digitalize ,but this is almost impossible in a small business because it will not work for you to digitalize a small business that is growing from the scratch.
You can digitalize it dear. Everything comes to your plan when starting up. You can decide that you want to run digital business and deliver it offline.
 
You can digitalize it dear. Everything comes to your plan when starting up. You can decide that you want to run digital business and deliver it offline.
Lolz, how can a small shop that is operating in my locality have a website that someone can use to order for goods ? How can they even provide transport for them to deliver goods to people that are in need ?
 
Lolz, how can a small shop that is operating in my locality have a website that someone can use to order for goods ? How can they even provide transport for them to deliver goods to people that are in need ?
Laughs. It could happen that's the kind of world we're living in. We can order those products when the owner puts things in order. But the shipping won't be a cross-boarder type.
 
I am not yet a business owner but whenever I have a business I will use the power of record keeping to make sure that all things are perfectly organise in my business because without this you may not understand much about the business.
 
Thought not really an entrepreneur but I have some ideal about it
1, proper book keeping
2, directly monitor your business yourself
3, always seek for new idea about the business
 
I really don't use any online tools to keep record of my business. I mostly use paper worksheet and it's still okay for me but as time goes on I will use some online tools
 
I'm not quite acquainted with budget root, but I have heard positive reviews about it. I'm sure a lot of people still do it the old fashioned way, also you can make use of a financial audit company, or better still have an accountant in that business.
The tools are used to keep my personal business audit in check yes monthly audit of my financial reviews and also yearly audit.
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Some softwares will do it for you flawlessly, unfortunately I am not an accountant to prescribe one for you but I could find out from my friends if you're really interested.
The usage of software for accounting would be very good for all accounting job because software is actually the modern way that most accountants uses to compile the accounting jobs as this will make it more cleaner and more transparent for people to be able to interpret the accounting work.
 
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One thing I do to keep my business in check is all the things you can do financial auditing every two month or every 6 months of the year.
This is a good financial strategy, financial audit is key to ensuring long term business productivity and also keeping the business in check from leakages.
 
Even with the software, we sometimes doubt the result. The traditional way is preferred especially those that are so good in mathematics and calculation. What is best is to use both as one can confirm with the other
 
What tools do you currently use to keep your personal/business finance in check?

currently using https://www.BudgetRoot.com

what about you guys?
Well if I had a business I think the best way for me to keep my business finances in proper check it by hiring a good financial accountant with a good financial statement application so that I will be aware of the financial health of the business all the time and they make the great decisions for the financial health of the business.
 
I currently make use of the Microsoft excel package to record outgoing and incoming funds, also use new page software to keep records of sales and stocks.
 
Like some people have said in the earlier comments, that pen and paper are one of the tools in which you can use to keep your business in check.
 
For my forex trading I make use of compound planning. It helps me manage my trading account and the number of trades I need to take per day and also the number of trades needed
 
Sincerely speaking I do not know how to use budget root,so I go for what I know how to use best and will still yeild a positive result in checkmating my finances
 
A record book. I kept a record book which will helped me to checkmate the business transactions of every day income and expenditure in other to avoid over spending and know the amount of income generated every day.
 
I am currently not using any tool to control my finances since I don't earn that much money. I only earn an amount that I can easily budget on my own and decide what to do with it and how to save it.
 
I actually have gotten a few APS to monitor my expenses and income to know how good of a saver that I am but I haven't really gotten anyone, I would value prediction
 
Accounting is one of the most important thing every business personnel should never overlook because with the help of accounting you will be able to understand and track when there is a lost or progress in a business.
 
The tools I use are my list of preference. I budget, I save in a fixed deposit, I spend mostly on my pressing needs and I cultivate the habit of writing out my expenses.
 
For my personal business and finance to be kept in check... I make use of my accounting dairy on excel sheet with the help of my laptop. The records are inputted on daily basis.
 
Creating a realistic budget—and sticking to it—is crucial to your small business’s financial success. Depending on your accounting software, you may be able to create budgets for your business right there without needing a separate tool. If you do need a separate, stand-alone budgeting tool.
 
There are different apps you can install from the Google play store to track your finance and keep yourself in check all the time. Just look out for those ones that have four star reviews ratings.
 
If you'd like to focus more on saving, SavedPlus lets you set aside a percentage of each purchase you make. Then, that percentage amount is sent to your savings account in a lump sum via weekly deposit.
 
My current back provides couple of tools to provide graphs based on the income and expenditure.

So, I usually don't go with any third party tools. As soon as I log into my net banking application, all the tools are available and there are no popups either. I would suggest others to first make use of such tools before opting for third party services.
It's better to be safe than sorry.
I also make use of my banking applications which is very safe and smooth to use for all my financial needs and read this I do not need any extra third-party tools to manage my personal finance. The banking applications have a good accounting mechanism and so they are of high quality.
 
I've always been keeping track with my pen and paper. The only accounting software I use is Microsoft Excel and it has been helping because I don't run a large business yet.
Keeping financial records is great because it helps in planning and even when you're seeking for investments or loans, they'll always ask for financial statements.
 
I think recordkeeping book will be able to give you all the information you need concerning the transaction , The cost of production and so many information about the business, with proper management it is possible for you to keep accurate records of everything in the business.
 
I have often relied on pen and paper to always do financial calculations manually. Even though it might take some time, I usually get it correct at the end. However, I would like to try out new applications or tools that can make business calculations and accounting easier.
 
To keep my finances in check, i make use of my paper and pen, i always write it down when i spend and i have a budget so most times i cross check to see if my budget tallys with what i'm spending. When a pen or paper is not available, i make use of the note on my phone.
 
Paper and pen can be used in keeping one's personal finance in check and you can also make use of phone by saving all your messages relating to finances
 
In my personal business I used paper and a book to keep the transaction always in check, but there are alot of people, such as companies who uses computers in keeping their financial records and other business transactions that are carried out in the organisation.
 
I think there are some tracker apps you could download or you make use of the notepad in your phone ,then write or the needed information and documentation you would need to get concerning your business
 
Well it is very simple because it all results to the account you have been keeping,a business owner is supposed to be keeping accounts of all the business transactions
 
Well I don't earn a lot and also my spending is not that much so I can easily keep tract of my earnings and expenses in my head. I guess my tool is my brain
 
I currently use the Microsoft word excel in order to keep a record of my customer data and also the amount of sales that I was able to make in a particular time. I also update this data from time to time.
 
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