How long do u spend doing accounting work/admin stuff?

[bausch]

How long do you usually spend opening checks, adding up checks, entering it in your accounting software thing, printing out receipts from e-mails and other administrative work?

If you promote a lot of sponsors it can be kind of a lot of work... I'm usually really lazy so I check my mail once every 2 weeks or so (I get mail at my house but I have to walk downstairs just to get it and I'm lazy so I usually let it fill up for a few weeks) and then opening all the envelopes and I have to enter it in AceMoney before I can cash it... I promote a lot of different sponsors so I always have so many envelopes to open and then have to add everything up... It's kind of a lot of work... And then I have to enter each check in the accounting software....

And then I didn't print out all my e-mail receipts for hosting bills, traffic bought etc so now I have to print everything out since MARCH, and it will take DAYS and DAYS to do it all. I'm just so stressed out. It's my fault because I didn't do it as the days went along, I waited until the end of the year and now it will take me at least a day to print out all the e-mail receipts!

Does anyone have problems like this? How many hours a week do you spend doing administrative work??

[BlackCrayon]

i usually don't bother doing much of it and end up doing it just before taxes are due. as long as i know how much i have coming in roughly and how much is going out, im not too worried about it. i usually don't bother printing out reciepts for everything. just use my credit card/bank statements.

[bausch]

i usually don't bother doing much of it and end up doing it just before taxes are due. as long as i know how much i have coming in roughly and how much is going out, im not too worried about it. i usually don't bother printing out reciepts for everything. just use my credit card/bank statements.

I've been told that you HAVE to have e-mail receipts and that bank statements are not acceptable! http://www.gofuckyourself.com/showpo...1&postcount=36

I am extremely lazy. of course I'd rather use bank statements.
But since their not acceptable to the irs, I have to take a day out and print EVERYTHING from MARCH-DEC. It's hell!!!!!

[Barefootsies]

I've been told that you HAVE to have e-mail receipts and that bank statements are not acceptable! http://www.gofuckyourself.com/showpo...1&postcount=36

I am extremely lazy. of course I'd rather use bank statements.
But since their not acceptable to the irs, I have to take a day out and print EVERYTHING from MARCH-DEC. It's hell!!!!!

True dat playa.

I keep them all in a folder and sorted for just such an occasion. I've had to provide this when at least once when I've switched accountants over the past couple of years. But they really only cared the first year to make sure that I had papers for everything 'internet'.

As for the original question...

I spend probably half a morning twice a month inputting everything into Quick Books, and dealing with all the receipts, checks, and so forth. Sorting them into their envelopes, etc.

[BlackCrayon]

I've been told that you HAVE to have e-mail receipts and that bank statements are not acceptable! http://www.gofuckyourself.com/showpo...1&postcount=36

I am extremely lazy. of course I'd rather use bank statements.
But since their not acceptable to the irs, I have to take a day out and print EVERYTHING from MARCH-DEC. It's hell!!!!!

yeah i suppose i should but my accountant has never mentioned that it was unacceptable or anything. im in canada though i doubt its much different here. but i pay a lot of things through epassporte and you can print off the statemtents but they don't say what they are for or anything so its not any different than a bank statement in my mind.