Create a spreadsheet to help you track your financial transactions.  Make a list of all of the categories for your expenses. These categories will include items such as rent or mortgage payments for office space, payroll, utility bills, office supplies, cost of raw materials, taxes and benefits, and other business expenses such as travel. Write down an estimate of how much you will spend in each category for each month.   Image via Wikipedia Next, list all of your income to your spreadsheet.  When you subtract the total expenses from your total income, you get the amount of … [Read more...]