Small business receipt organization

Keeping track of receipts for your small business is very important: it keeps you organized, keeps you on budget, and can be a big money-saver when you file deductions at tax time. The IRS is not a big fan of estimating your expenses. If you are going to claim a deduction, you’re going to need: * When: The date of the transaction * Where: Where you bought the item * What: What the item was * Why: What purpose it served in your business When, where, and what are generally found on a receip

Strategies for organizing business receipts and paperwork to streamline tax preparation and ensure accuracy.

One of the not so joyful parts of having a small business is the bookkeeping. Record keeping is one of those necessary evils – receipt keeping is the worst. It’s hard to keep everything in order and they just take up space. I’ve been through a number of different methods for storing receipts over the years – shoeboxes, envelopes in shoeboxes, clear plastic sleeves, stapling them to paper and filing them the list goes on. Nothing was really awesome, until my most recent solution which has…

While I love being in business for myself, it definitely has its hard parts! One of them is that as a solo entrepreneur you have to step in and fill the role of so many different positions – everything from CEO down to the cleaning crew (that recycling bin isn’t going to empty itself)! TheContinue Reading

Don't be caught unprepared when it comes time to file taxes. Get it together with a few simple tips on Organizing Receipts for Tax Time!

Today, I’m talking more in depth about getting your financial paperwork organized for year-end so that you’re ready for tax prep.

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When I first started my business, my accounting system for saving receipts and tracking expenses looked a lot like this: Nonexistent. I mean, I knew this was an important task in my business...

We have the best ways how to organize receipts for your business! No matter the size of your business, you must get organized to make tax season a breeze.

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