Step 5: Sales, Expenses and Sales Tax Tracking
This is extremely important for sales tax, income tax and profit & loss tracking. Your expense are deductible on your Income Tax Schedule C. Consider using bookkeeping software like Quickbooks, or create your own spreadsheets to track everything. Log all sales, including cash, Square, Venmo, Paypal and Zelle. Log all expenses as they happen and file all expense receipts. Scan paper receipts so you can keep electronic files. You’ll thank yourself at tax time.
Note: My private consulting services includes pre-made accounting spreadsheets using Google Sheets. Contact me if interested.
Cinder Garden Designs 