First let me tell you that I do not use a financial software
package for my business at this time. I tired some and found
that it was more time consuming for me then to simply put my
receipts in organized folders and total them at the end of month
or year. I also keep a very detailed check register and I don't
find the need to re-enter this information into my computer.
Here's what I do and might work for you.
I have two hanging folders that I keep in my file drawer in my
desk. In each of the folders I have manila folders for each line
(category) item from my tax form that I use in my business; such
as Office Supplies, Utilities, etc. As I get receipts for those
line items, I simply drop the receipt into the corresponding
manila folder. At the end of the month or year I simply add up
the receipts for those categories to get my totals to enter onto
my tax form. This year it took me a total of three hours to
total my receipts and off to the taxman I went!
For days that I'm rushing or too tired to file receipts, I have
a small basket on my desk I can throw my receipts into and on my
scheduled day of filing they get filed away.
When tax season starts, set up a temporary hanging folder to put
ALL your incoming tax paperwork and forms into. This way
everything is in the same place and you won't have to go
searching for that W2 when you sit down to do your taxes.
The Organizing Wizard, Janet L. Hall, is a Professional
Organizer, Speaker, and Author of 'Secrets of a Professional
Organizer and How-To Become One.' She is the owner of OverHall
Consulting and Organizing By Phone. Subscribe to her FREE
organizing newsletter at http://www.overhall.com/newsletter.htm
or visit her web site at http://www.overhall.com
About the author:
The Organizing Wizard, Janet L. Hall, is a Professional
Organizer, Speaker, and Author of 'Secrets of a Professional
Organizer and How-To Become One.' She is the owner of OverHall
Consulting and Organizing By Phone. Subscribe to her FREE
organizing newsletter at http://www.overhall.com/newsletter.htm
or visit her web site at http://www.overhall.com
Copyright Ó 2000 by OverHall Consulting P.O. Box 263, Port
Republic, MD 20676 All Rights Reserved. Permission is granted to
reproduce, copy, or distribute so long as article is kept
intact, this copyright notice and full information about
contacting the author is attached.
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