One of the requirements for any business is that you keep records of your business finances.
Without records, the IRS will impose taxes based solely on the income that is reported to them by your customers or others who pay you money. Without records a bank or an investor has no way to determine the worth or soundness of your enterprise.
So, how are you doing it? Checkbook, spreadsheet or software? Maybe even a paper ledger?
We’ll talk about each method with tips and hints for each one. And, I hope, a better understanding on your part of how to do this vital process easier and more efficiently.