Tin Shingle Featured in FitSmallBusiness for Managing Personal & Business Expenses

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Happy Money Monday!

For a recent article at FitSmallBusiness, the advice of Tin Shingle's owner Katie Hellmuth Martin was featured at FitSmallBusiness alongside tips from other business owners and financial professionals.

Loan Personal Money to Your Business Only When Necessary
 
From the article...

"Are you financing your business from your personal funds? You may do this only when necessary – but you have to ensure that you loan the money to your business and log this to your accounting software as a business loan. Monitor how much your business has borrowed from your personal funds, and ensure to set a strict payment timeline for your business to pay the money it owes to your personal account."

That money can add up! You want to be sure to pay yourself back. The nice thing about paying yourself back is that you have money moving back into your personal bank account that isn't marked as a salary. But don't wait too long on your repayment, or you may need to pay interest on that loan.

Be sure to check with your accountant first to make sure you are in accordance with all tax law.

Tin Shingle's Financial Templates You Will Love

EXPENSE & INCOME TRACKING TEMPLATE
Are you afraid of using a bookkeeping software like Quickbooks or Freshbooks? Fear not! Tin Shingle has designed for you something simpler using Excel. While we highly recommend for you to use Quickbooks or Freshbooks, you can take baby-steps in the meantime with our Expense & Income Tracking Template. Accountants and bookkeepers love Excel, so they will love when you send them your expenses and income in this template. Make tax time a lot easier on yourself!
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CLIENT PROJECT TIME TRACKER
Do you have a structured way of tracking time and project management for your clients? Tin Shingle built you a shortcut with our Client Project Time Tracker template. Save your brain by using this template! Your team and clients will thank you for your efficiency.
Get This Template Now >