Summer weather is a slowly-fading memory. Your bookkeeping needs some TLC. Spidey senses tingling…..
Look at your pile of receipts grinning sheepishly at you from across the room. Do you spend hours staring at them and envision turning that pile into a neat, categorized pile of receipts that are arranged into a filing system that your bookkeeper will love?
Has it possibly been months and the pile is still there? It’s time to let go of the dream of doing it yourself and bring them 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.
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 superhero 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: Buy an awesome 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 in all the nooks and crannies to ensure no scrunched up bills welcome in the New Year 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!