Tax Time - AGAIN...
what i do is use what's called the "Dome Book"
i use the weekly entry ledger and fill in the blanks ONCE a year...
first thing i do is load the "cash" reciepts by date
second is i go through all my checks that i wrote for the year & reconcile my invoices for those checks by date
third is i go through my bank statements for all credit card charges AGAINST my account as well as any service charges
fourth is to enter "sundry" expenses, i.e. newspapers you purchase for office/info regarding your bizz/coffee you purchase for clients, etc
on a note - where i live i can't get cable - being in the sports bizz i need ESPN/NESN/FOX Sports etc...
when my local network went from FOX to UPN i lost the World Series & NFL games as well as the Super Bowl - so i bought a dish - i can deduct that in part as part of doing bizz
i reconcile my books once a year and it only takes me 4 hours +/- to do so for the whole year...
my sales taxes are quarterly so that's not a problem...
so how do you do yours???
Last edited by Hanxter; 02-12-2004 at 02:06 PM..
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