It’s September.

Is your bookkeeping up to date so you don’t have a mad scramble at tax time?

Here’s how to get caught up in <1 hour and stay on track through the end of the year.

***Thread***

Gather Income Data

Open a sheet.

List all the platforms you have made money on this year.

Have a link to the login page for each.

Pull your year to date sales report and drop this number in.

Manually add any cash sales or platforms that don’t give you a report.

Expenses

Ideally you’ve kept receipts on purchases. No worries if not.

Pull year to date reports on every account you spend money on for your business (ideally you don’t mix business on personal on the same account. Ha!)

Quickly scan and mark anything you think is business.

Drop into sheet.

Think if anything personal you use to benefit your business: home office space, mileage on a personal car.

Drop in values here also.

Repeat

Mark a calendar and do this at the end of every month. It’s even easier when you aren’t catching up 8 months!

Bonus points if you use QuickBooks or hire a bookkeeper.