To manage your venture finances effectively, I would suggest you to have a business plan including projections for medium term say upcoming 3-5 years.
The activities you want to undertake for growth of the firm and general operations as well. Enlist them, estimate the funds you would need for the same and prepare an annual budget for your venture.
Budgetary practice shall help you to keep your spending in check and business plan will help you to keep your steps in check that you are moving in line with the vision you saw for your venture.
I wish you the best.
Regards Gourav Aggarwal
Report Gourav's answer
I advice you do a budget for your business that gives you a direction on how to manage your finances and spend your money. Have a book where you record the income and expenditure including customers owning you and the aamount
Report John Chinedu's answer
For tax and business control purposes it is necessary to set up a ledger or similar accounting approach and carefully track revenue and expenses, recording to the business only those costs and income that are business related. There are relatively inexpensive computer products on the market to assist.
Many use a company credit card, charging only business expenses to the card. The card statements form the basis for keeping business expenses separate from family expenses.
Others lay out a chart of accounts and plan, then record expenses and sales, comparing the two for a net difference. Only after doing so do they distribute the difference for use by the owner and his or her family. The approach allows the business to survive profitably and manage tax liability.