If you want to make it easy for your business to track all the important financial information, you can use the Business Lending Toolkit, a free book by Friction Business, a non-profit focused on helping people with business and financial challenges.
The toolkit includes a set of templates, including one to make the process easy for the average person.
“We’ve found it to be the most helpful tool that we have in the area of financial management, so it really is a toolkit that helps people with a variety of problems that we’re dealing with,” said Chris Haggard, CEO of Friction.
Haggard said he’s used the toolkit on multiple occasions.
“One of the things that it helps people to understand is that it is an open-source tool, so you can take it and make it work for you,” he said.
“You can put it online and use it on any platform.
You can take your business card and you can print it out.”
Haggards book also includes a checklist for each step of the process, along with some useful tools.
For example, if you’re running a business in a non public manner, you may need to make sure you use the correct address for the business.
The checklist will also tell you where you can send your business’s invoice and any additional paperwork.
It also includes tips on how to do a proper accounting for each of your financial statements, which is essential for businesses to keep track of how much money they earn and spend.
“It’s not just about keeping track of the receipts,” Haggards said.
“It’s about the accounting, it’s about how much revenue and expense are there and what kind of things you’re going to have to pay to people.”
Friction’s founder, Steve Haggart, said the tool kit is also a great resource for anyone wanting to track their financial information.
“This is an excellent tool for anyone who has problems with keeping track,” he explained.
“Because it’s a free tool, you don’t have to do any of the other work to make this work.
It just gives you a checklist that you can download and do all the right things with that.”
Hagard said people who are struggling with the financials in their business can use a free software program like MoneySavingExpert, which has a free version that helps you track your financials, as well as a free app.
He said there are other free tools available for people who want to start a business.
“There are other financial management software tools that can help with a lot of different types of business,” he added.
“But it’s important that it’s not a bad financial management tool that is just used for making money.”
The tool kit can be downloaded for free at www.friction.ca/tools.
For a limited time, you also can use it for free with a $5 donation.