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-   -   Do you do your own book keeping? (https://gfy.com/showthread.php?t=719928)

bausch 03-31-2007 11:53 AM

Do you do your own book keeping?
 
Who enters in all your check stubs and all your expenses in your accounting software? Do you do it yourself or hire someone/a service?

I promote a lot of sponsors and I have no energy to do it, I wish I had someone to do it for me. :(

I'm talking about webmasters that just work for themselves and are self-employed, not companies etc obviously those have bookkeeping services.

candyflip 03-31-2007 11:55 AM

My mom does all the bookkeeping for both my online and offline ventures.

bausch 03-31-2007 11:56 AM

Quote:

Originally Posted by candyflip (Post 12175099)
My mom does all the bookkeeping for both my online and offline ventures.

I'm getting so lazy and depressed I don't even feel like opening up check envelopes. I just let them pile up until there are so many and I get overwhelmed.

I should do it in a timely cause I'm supposed to pay quarterly taxes, I'm already late for this quarter.

I don't have energy to do it myself. I hate bookkeeping the most.

candyflip 03-31-2007 11:59 AM

I am the same way. I tried Quickbooks, Quicken or whatever it's called today. Much easier to pass it along to Mom, she cuts me a deal anyhow.

bausch 03-31-2007 12:03 PM

Quote:

Originally Posted by candyflip (Post 12175121)
I am the same way. I tried Quickbooks, Quicken or whatever it's called today. Much easier to pass it along to Mom, she cuts me a deal anyhow.

I'm not close to my family and don't talk much to them much, I am estranged from my mother (very long story). I don't have anyone to do it for me :(

candyflip 03-31-2007 12:06 PM

Quote:

Originally Posted by bausch (Post 12175135)
I'm not close to my family and don't talk much to them much, I am estranged from my mother (very long story). I don't have anyone to do it for me :(

It's what my mom does for a living now. She's not doing me any special favor. I actually have to go out of my way to get to her, considering there's a bookkeeper working in the shop across the street from me. :1orglaugh

selena 03-31-2007 12:11 PM

I do my own books, then have an accountant do my taxes.

I do it by hand, because I hate quickbooks. I used that program 8 hours a day in the last 'real' job I had, and I would be happy to never see it again.

Getting stuff together for my 06 taxes was a freakin' nightmare, because I had gotten lazy, not recorded anything, not printed any invoices, etc.

So I knew I had to devise a system that I could live with and that I would do. I do better keeping records on old fashioned ledger sheets than I do when I try using a computer app. Have no idea why, but it is one of those things that I just do better if I put pencil to paper.

Jakke PNG 03-31-2007 12:26 PM

I just send all the invoices and monthly bank statements to my bookkeeper at the end of each month. I don't want to spend time with that shit.

bausch 03-31-2007 12:30 PM

Quote:

Originally Posted by TeenGodFather (Post 12175203)
I just send all the invoices and monthly bank statements to my bookkeeper at the end of each month. I don't want to spend time with that shit.

How do you send it, do you have someone drop it off, do you drop it off yourself, mail them a copy, fax it, send it electronically??

Just wondering cause I might have to do something similar.

StuBradley 03-31-2007 12:40 PM

Quote:

Originally Posted by bausch (Post 12175135)
I'm not close to my family and don't talk much to them much, I am estranged from my mother (very long story). I don't have anyone to do it for me :(

I'll do it for you. :winkwink:

Sosa 03-31-2007 12:52 PM

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.

bausch 03-31-2007 12:55 PM

Quote:

Originally Posted by Sosa (Post 12175273)
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.

Yea, the thing is I don't feel like keeping track of it myself, I was wondering if people hire a service to keep track of it for themselves or do it themselves. I'm lazy, I just want someone to do it for me.

Of course an accountant is obvious for taxes, but keeping track of the stuff income/expenses is a bitch.

Also, I'm too stupid to use Quicken/Excel so use AceMoney, it's easier to use and more user friendly I think.

Spunky 03-31-2007 01:02 PM

I suck at math.accountant

selena 03-31-2007 01:12 PM

Quote:

Originally Posted by Sosa (Post 12175273)
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.

bausch 03-31-2007 01:18 PM

I'm so lazy to the point where I let the envelopes stack up. I am too lazy to even open them let alone file stubs away :( There have been times when I let it pile up for over a month-2 months...

Jakke PNG 03-31-2007 01:21 PM

Quote:

Originally Posted by bausch (Post 12175217)
How do you send it, do you have someone drop it off, do you drop it off yourself, mail them a copy, fax it, send it electronically??

Just wondering cause I might have to do something similar.

I print everything out that needs to be printed and put them in an envelope with all the paid 'physical' invoices and physically send everything over. Hasslefree.

selena 03-31-2007 01:23 PM

Quote:

Originally Posted by bausch (Post 12175349)
I'm so lazy to the point where I let the envelopes stack up. I am too lazy to even open them let alone file stubs away :( There have been times when I let it pile up for over a month-2 months...

There are certainly services that can help you out then. They would probably even make your bank deposits for you. (I would, when I did such a thing for a living) Problem is, you are still going to have to be motivated enough to get them the information that they need to do the job.

tony286 03-31-2007 01:23 PM

my wife does all the book keeping in quickbooks, then the accountant does the P&L

bausch 03-31-2007 01:23 PM

Quote:

Originally Posted by TeenGodFather (Post 12175360)
I print everything out that needs to be printed and put them in an envelope with all the paid 'physical' invoices and physically send everything over. Hasslefree.

That's a good way. Having to drive up there to talk to the bookkeeper would be a hassle by itself. Even though I hate doing it myself, I would rather do it myself than have to go and have to talk/interact with someone. lol

bausch 03-31-2007 01:25 PM

Quote:

Originally Posted by selena (Post 12175364)
There are certainly services that can help you out then. They would probably even make your bank deposits for you. (I would, when I did such a thing for a living) Problem is, you are still going to have to be motivated enough to get them the information that they need to do the job.

No, I don't want to be THAT lazy. I would feel pathetic. I do hate doing it but I guess I can force myself too. Sometimes I get so lazy it's even hard for me to leave the house... lol It's actually hard for me to leave the house sometimes, but if I have to I can force myself mentally.

Yea I guess I'll force myself on a schedule. like once every 2 weeks open and deposit checks or something.


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