Keeping your business finances in order is crucial for evaluating the success of your business. Keep things organized by planning ahead.

Let's get started with the first section, estimating business expenses.

Estimate costs and revenue

Estimate Business Expenses and Revenue

Before you start your business, know how much it will cost to startup and maintaining the business. Learn the common business expenses to help estimate what your expenses could be. Once you know your business expenses, you can better estimate your business revenue. Use the Bank of America tool to help estimate startup business expenses and revenue based on your one-time expenses and ongoing expenses.

Find Business Capital

Don't know where to find business capital? Find capital for your small business through financial institutes with lines of credit, loans, and leases. Get a government-guaranteed small business loan from The Small Business Administration if you do not qualify else-where

Design a Business Cash Management System

Design a business cash management system to keep track of all your business expenses and cash flow. This will maximize your cash on hand and needed for business growth. Use the Bank of America Business Account Finder to recommend an account that will work best for starting your specific type of business.

Hire a Business Accountant

With small business accounting, you have two options. You can hire an account or do small business accounting yourself. When you handle your own business finances, you can hire a business finance consultant to advise you when you have legal questions. When you hire your own business accountant, you have more time for your own work with the reassurance that your assets are done correctly the first time. Use Microsoft Small Business Accountant Finder to locate a professional business finance consultant specific to your type of business.

Setup a Business Checking Account

Don't be tempted to use your own personal checking account when first starting a business. Setup a small business checking account in the beginning to have a historical record of all business transactions, while making it easier to manage your money and business investments. In addition to setting up a business checking account, consider a business check card. This makes small business banking easier for daily purchases without writing checks.

Setup a Business Savings Solution

Include a business savings account in your banking solutions to increase the value of your cash on hand. Find the best small business savings account for your specific business with Bank of America's savings account comparison tool. Plus, you can check CD yield rates and open a CD to maximize your cash value.

Decide on Additional Banking Services

Find out how additional small business banking services can save you and your business time with online banking convenience. Do your small business banking anywhere, anytime with access to your business checking and savings accounts 24/7.

Get a Business Credit Card

Consider getting a business credit card made specifically for small businesses. Having a business credit card provides purchasing convenience and control as well as rewards for your all your business purchases.

Manage Inventory

Track and manage one of your most critical business assets; your inventory. Use an inventory management system to better control your small business inventory, retail inventory, and even manufacturing inventory. Monitoring inventory enables you to always serve your customers and not keeping too much of your cash tied up in stored inventory. Download free inventory management software to get started.