Starting a small business is just as difficult as managing it. When business owners discuss their top concerns, money is at the top of the list. Without doing a complete financial overhaul, there are simple everyday tasks you can do to improve your business finances and ease your money concerns.

Make Frugality a Habit

Frugal doesn’t have to mean cheap. A frugal business owner thinks through each business expense. They follow through on rebate offers, buy some equipment and furniture secondhand, and invest in technologies that will save them money over time. To harness your inner frugal business owner, check with your local and state government to see what incentives they offer businesses. You may find opportunities to reduce your utilities by investing in subsidized green initiatives.

Negotiate with Your Vendors

Don’t be afraid to ask for a discount from your vendors before signing a contract. You should consider negotiating the terms of your agreement if a sticker price discount isn’t available. Sometimes having more flexibility with the payment date can be more cost-efficient for your business.

Pay on Time

Late fees cost you more than just money. They have an impact on your business credit score, which can impact your ability to get financing later on. Don’t risk the reputation of your small business by paying bills late. Create a system to manage your payment deadlines and set up autopay when possible to avoid costly fees.

Take an Accounting Class

Even if you decide to hire out your small business accounting, understanding the basics can be extremely beneficial for your business. You’ll be better prepared to make money-related decisions once you understand the basics of how cash moves in and out.

Keep Accounts Separate

Your business and personal accounts need to be kept separate. This helps reduce your personal liability, prevent tax issues, and keeps your accounting records more clear. Even if things are tight, resist the urge to mix your business and personal finances. It will most likely just create a mess you have to deal with later on. Make sure you only use your business credit card for business expenses. If it helps, set a personal budget and a business budget. Then hold yourself accountable to stick to those budgets.

Managing your small business finances doesn’t have to be overwhelming. Focus on everyday tasks you can do to break down overwhelming challenges into manageable bites. It’s helpful to remember that while most financial mistakes can be fixed, being proactive will save you time and money.