recordkeeping

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Getting Your Business Off to a Good Start, Part 9: Wrapup Post

By | March 1st, 2017|Categories: Potpourri of Tax Topics|Tags: , , , |

For nearly 4 months I've been posting excerpts from a presentation I give to entrepreneurs trying to get businesses off the ground. Because the posts are scattered across many weeks, this post serves as a reference point to pull them all together. Part 1: Proper Recordkeeping Part 2: Scanned Copies of Receipts Part 3: Bookkeeping Systems [...]

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Getting Your Business Off to a Good Start, Part 2: Can I Keep Scanned Copies of Receipts?

By | December 9th, 2016|Categories: Small Business Tax and Accounting|Tags: , |

In the last part, we talked about proper documentation of business income and expenses. Nearly 100% of the time, the first question people ask at this point is: do I have to keep all that paper, or can I scan the receipts?

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Getting Your Business Off to a Good Start, Part 1: Proper Recordkeeping

By | December 7th, 2016|Categories: Small Business Tax and Accounting|Tags: , , |

Recordkeeping refers to recording the transactions that take place within your business. Documentation refers to the proof of the numbers in your recordkeeping system.

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Is Quicken Appropriate for Business Bookkeeping?

By | June 24th, 2016|Categories: Potpourri of Tax Topics|Tags: , , , |

As with almost anything I discuss on this blog, the answer to the question posed in the title is: "it depends." Quicken works fine for small businesses with simple recordkeeping needs, but it quickly gets overwhelmed by more-complex situations.

Recordkeeping Considerations for a Startup Business

By | March 24th, 2015|Categories: Small Business Tax and Accounting|Tags: , , |

Recordkeeping Considerations for a Startup Business - keep your receipts!

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