Rule number one to own a business; never mix your company funds with personal ones. By mixing the two together, you lose information about the company’s financial income and cash flow and you exaggerate personal wealth. Calculate your expenses and deduct the income you earn. Identify the resources you need
It is also important for companies with investors or shareholders, as it provides a complete financial picture. At AABRS, we advise business leaders and unique traders whose finances for small businesses have become unmanageable. This could be due to a cash deficit or bank loans, tax bills and unpaid wages.