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Do you keep track of all your payouts?
I never really did because with checks hardly ever any payments went wrong or didnt occur at all but more and more sponsors are paying through epass nowadays and im keeping track better than i used to because for some reason it seems more sponsors than ever have missed an epass payout lately which is a disturbing trend.
But its a bitch to keep track of it since they all use different payout periods and different epass names. Anybody noticed something similar? |
I don't keep track of payments at all.. I wish I did tho...
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Haha let me keep track of your payments and everything you dont miss and i can recover will be mine :Graucho |
Nylz how do you do your taxes?
This is the reason I only do checks. Its a lot easier to track payments received, of course I don't usually catch missed payments unless something is waaay off. |
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We track them. the ones that come in checks, we keep the stubs in a file. the ones that we get e-pass, we put the info in an excel spread sheet.
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I used to keep track of all my payouts (check, epassporte didn't exist)
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when a pay period ends on a sponsor i create an invoice in quickbooks, then i apply the checks to their "account" balance when they arrive. this is the best way we've come up with, and it makes it easy to give to our account for taxes.
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But its such a bitch. Some sponsors pay weekly, other monthly. Some pay what you made last week, some what you made last month. Etc.
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I keep on top of my payouts, just takes a quick glance at Statsremote, and I usually know what days are Epassporte paydays for my main sponsors.
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I dont' even balance my fucking checkbook for my personal accounts, but business I track and keep everything.
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I keep track and call them when it does not arrive.
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every single sponsor, every single sale, every single paycheck.
its my money & no one is gonna watch it for me. |
You have to track this stuff. Sponsors have and do go out of business.
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I only check when I do my comptability ... for the online payments . For checks payment, I do.
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I have an accountant at the bank who handles everything. I get a monthly statement from the bank as well. The bank has it setup for quarterly tax witholdings so it's not such a big lump sum come april 15th. they keep track of the money coming in & the money going out.
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I keep track of everything.
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With ePassporte I save all the old mails I get when I receive money. I also set it up so I get forwarded a copy of the email every time I receive a payment. Mail -> Options -> Mail Forwarding Options :) |
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If it's a foreign sponsor paying in something other than us currency then I opt for the bank wire. |
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