Quote:
Originally Posted by dfa
thanks for the info.
i guess i really need to learn how to keep track of all this. so next year will be easier.
how do you guys do it? everytime you get a check you note it down somewhere?
or anytime you buy something for your business you write it down and keep the receipt?
i just used to depend on the 1099's, i guess that isnt enough. you need your own record.
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I hate doing books on the computer. I have a folder for each month of the year. All my check stubs go in there, as well as a printed receipt for everything. At the end of the month, I total up the income, and classify the expenses. I then just plug that info into a spreadsheet for the end of the year.
After closing the books for a year, I just stick the 12 folders in my filing cabinet and forget about them.