Summer weather is a slowly-fading memory. Your bookkeeping needs some TLC. Spidey senses tingling…..
Look at the pile of receipts grinning sheepishly from across the room. Stare super hard. Concentrate. Envision the end result of turning it into a neat, categorized little accordion file your bookkeeper will love you for, and focus. Still there? Leave it to us, your cool and keen Bookkeeping Super Heroes!
Slay your bookkeeping this fall (before the holiday craze kicks in November), and be ahead of the ball for tax season 2017.
Whether you’re a small business owner or an awesome human living your life, here are three tips on how to catch up and stay organized, from Homeroom’s very own super hero Allysia Lewis, the Number Cruncher:
- If you are NOT already utilizing the fabulous LedgerDocs to take care of all your receipts digitally and you feel like you’re living inside of a bill blowing booth, do this: Get a swag organizational folder. That is, anything to hold all your documents neatly together. Preferably, with separators/ pockets. The Number cruncher recommends you hit up Dollar Store, Staples, London Drugs or Walmart.
- Collect ALL your documents (expenses, sales, bank and credit card statements). Look HARD to ensure no scrunched up bill welcomes New Year 2017 in between your car seat. Your tax preparer will not want late receipts once your tax return is in progress or has been finalized.
- IMPORTANT: Small business owners: Separate your business expenses from your personal expenses.
- Organize all your receipts by category: Meals. Utilities, Auto (Gas, Repairs, Parking), Office Expenses, etc.
We file tax returns for self-employed and employed individuals! We might have the power to revive even the sloppiest bookkeeping, file 12 years worth of tax returns, but you will save money by following the steps above, and help yourself stay up to date with your bookkeeping! The true power lies in you!