As a small business owner, you probably have lots of deductions for your business. But are you taking all the deductions? There are probably deductions you don't want to make because 1. you don't have the paperwork to support it or 2. You have paperwork, but it's so disorganized that you just don't have the time to sort them. To make your life a little easier this time of year, I created this post with business deductions tips to make this process simpler to manage. First, use a software like … [Read more...] about A Complete Guide to Home Office and Business Deductions
Small Business Bookkeeping Tips Archive Page
Welcome to our Small Business Bookkeeping Tips archive page to help you and your business streamline processes. Read the archive posts for bookkeeping tips to use in your business.
How to Create a Solopreneur Business Tracking Expenses Sheet
When starting your business, you may start racking up business expenses. So, to not forget them, developing a business tracking expenses sheet works nicely. It can be created at the beginning of the year for the entire year and will help you keep on top of when things are due. This especially works well when there are bills that are issued quarterly or yearly. I found that this worked well for all my admin bookkeeping clients and helped me make sure all the bills were paid and … [Read more...] about How to Create a Solopreneur Business Tracking Expenses Sheet
3 Important Things You Need To Know About Data Entry
I have offered bookkeeping services for about 10 years now and there are 3 important things you need to know about data entry when venturing into your new small business. You can get into real trouble if you don't have your bookkeeping in order. Here we go. ALWAYS start your business with a good bookkeeping application and process! Whether it is QuickBooks Pro, QuickBooks Online, Quicken, or any other software or online service, the application needs to be established. … [Read more...] about 3 Important Things You Need To Know About Data Entry
Business Tasks You Need To Do BEFORE Years End
This year has been a unique one for our small businesses, to say the least. Since this year was so unique, there are business tasks that need to be done before the year end. Today I will be talking about the business areas you need to gather for a seamless tax season. Follow along and get it done so the next year will be more relaxing. End of Year Things to Gather For An Easier New Year Gather Receipts First, let’s start with the receipts for your small business. Don’t wait to get … [Read more...] about Business Tasks You Need To Do BEFORE Years End
7 Ways to Speed Up Bookkeeping Tasks for Startup Solopreneurs
As startup solopreneurs, there are many tasks need completing in a new small business. A lot of the to-dos are bookkeeping related, and not everyone loves to do bookkeeping tasks. But, if you don't set up a proper system now, you will most likely regret it later. So, lucky for you, I created a list of 7 ways to speed up your bookkeeping tasks. Do only a few at a time to help you speed up the process. Easy Steps to Speed Up Your Bookkeeping Tasks Make a list of all the bills you can … [Read more...] about 7 Ways to Speed Up Bookkeeping Tasks for Startup Solopreneurs
5 Essential Bookkeeping Tips for Small Business
Bookkeeping has many detailed steps. If you are not a detailed person, this may be a struggle to handle. I have many clients that when they started their business didn't know how to manage all the details in bookkeeping. And, by the time I started working with them, we had to create systems on not only how to keep the books, but also the system of how to keep the paperwork so that I could get it into the books. This week we are going to talk about the five essential bookkeeping tips … [Read more...] about 5 Essential Bookkeeping Tips for Small Business
3 Benefits of Reconciling Your Credit Card Statements
It's tax time. Do you have your paperwork together and are all your statements reconciled? Before you start pulling your bank statements and backup support paperwork together for your accountant for last year's tax return, you should go through and reconcile your credit card statements for your small business. Why? You may ask. We all know that reconciling a bank account makes it easier to confirm the funds are correct. It will limit the error of bounced checks and improper managing of accounts … [Read more...] about 3 Benefits of Reconciling Your Credit Card Statements
Important Real Estate Bookkeeping Tips
All small business' books must be well organized. This statement is especially true for Real Estate agents. Since they are usually smaller entrepreneurs, they have to be vigilant about how they keep their bookkeeping. This post talks about real estate bookkeeping tips to help you stay organized and be productive. Follow along and take action today to get organized with your bookkeeping. First, let's start with where you place your papers. Keep papers separate. When solopreneurs work … [Read more...] about Important Real Estate Bookkeeping Tips
How to Order IRS Information Returns forms for FREE
This month, we are ordering IRS information returns forms to make sure we can get them in time by the end of this year. The IRS allows you to order these FREE information returns forms to use to make sure all the content is inputted in the same way. The IRS Information Returns forms you can order from the IRS website are as follows. There are a lot more returns listed on the website, but here are just some of the list: Wage and Tax Statement Form W-2Transmittal of Wage and Tax … [Read more...] about How to Order IRS Information Returns forms for FREE
