While investing in a 401(k) retirement plan is a viable option for some people, there are several alternatives for building a nest egg that will provide you with more flexibility. Your employer may not offer a 401(k) plan, or even if they do, you may be seeking a backup plan. Here are four options for saving for retirement outside of a 401(k).
You may be like so many other people and be confused about what your credit score means and how it impacts you. Another common misconception is that you shouldn’t use credit unless you can’t afford something. This may be putting you at a disadvantage when you need to make a larger purchase, such as a car or a home. Continue reading
Owning and operating a small business is no easy feat. There are many responsibilities on your shoulders. One of the most important responsibilities is managing the finances. Without proper management of the finances, your business will quickly go under. One way to help keep track of spending is through the careful use of business checks. Instead of using cash all of the time, you can use checks to monitor where the money goes for each purchase.
Here at checkworks.com, we offer various styles of checks to help you operate your small business. With duplicate checks, you can have a written record of the exact check you wrote, which makes it much easier during tax season to claim your expenses. The use of our checks will also help you develop good habits. Making it a habit to use a checkbook instead of swiping your credit card will help prevent those impulse purchases — the kind of purchases that can wreak havoc on your business’s bottom line.
We also offer detailed registers for writing down important information after every purchase. These registers are a great way to back up the information you already have from the duplicate check. With a register, you have all of the expenses in one convenient location, which makes it much easier to balance your checkbook at the end of each month. Between the duplicate checks and the registers, you should have no trouble managing the finances of your small business.
Here are a few tips to keep in mind when writing checks:
- Always record each purchase in the register at the time of the purchase. Don’t rely solely on the duplicate checks to keep track of your purchases. Instead, use the register and the duplicate checks together to ensure that all purchases are monitored.
- Make sure anyone with access to the business finances remembers to use checks, too. This means if you send your spouse out to buy some office supplies, give him/her a quick reminder to write the check and record the purchase.
- Balance your checkbook at the end of each month. Make sure every purchase is accounted for, and if you notice any discrepancies, contact your bank for more help.
Contact us today at checkworks.com to order a box of checks for your small business, and start managing those finances the right way.