1. Keep business and personal accounts separate.
2. Classify workers properly
3. Calculate total labor costs before you hire.
4. Create profit and loss statements regularly.
5. Always get a receipt.
6. Keep a close eye on accounts receivable..
7. Invoice accurately and regularly.
8. Stay on top of tax deadlines. 9.
10. Bring in the experts instead of DIY accounting.
11. Use accounting software.
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