Quote:
Originally Posted by Sosa
I keep track of everything the old way. A notebook and keep receipts etc for everything biz related that I write off. I'll break it down by month in excel and turn that over to my accountant at the end of the year. They prepare all my quarterly payments etc so it makes it easy. Costs me $550 for my business a year and the company is pretty well known and has been mentioned in financial magazines etc. Works out good for me.
|
Sounds like me. I stick all check stubs and invoices in a folder all month long. At the end of the month, I add up the checks, categorize the expenses, subtract them, and get my net income. I made a year long excel sheet that I just dump the figures in, so I can email it to my accountant twice a year, and she can make sure I am paying enough taxes to not get fucked at the end of the year. I file my own quarterly taxes online, takes me less than 5 minutes.