Will You Add? - Setting Up A Bookkeeping System

Review your Pending Orders folder monthly to ensure your orders are being completed and moved to Paid Orders in a timely manner. The Bills Due section of your file folder should be reviewed twice monthly to ensure payments are being made on-time.

Here is a list of common business deductions to aid you in organizing your receipts:

• Advertising
• Bank Fees on Business Accounts
• Business Vehicle Expenses
• Commissions & Fees
• Cost of Products
• Gifts to customers, suppliers, etc.
• Depreciation
• Dues for Trade Associations, Business-related organizations
• Legal & Professional Services
• 50% of Meals & Entertainment (be sure to note date, purpose, & attendees of event)
• Office Expenses<
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  >Vehicle Information (Mileage Logs, Vehicle Maintenance Receipts, Licensing Fees)
• Insurance
• Charitable Contributions
• Advertising
• Fixed Assets (Any receipts for equipment, furniture, computers, etc that can be depreciated)
• Miscellaneous (For anything you just are not sure of!)

Review your Pending Orders folder monthly to ensure your orders are being completed and moved to Paid Orders in a timely manner. The Bills Due section of your file folder should be reviewed twice monthly to ensure payments are being made on-time.

Here is a list of common business deductions to aid you in organizing your receipts:

• Advertising
• Bank Fees on Business Accounts
• Business Vehicle Expenses
• Commissions & Fees
• Cost of Products
• Gifts to customers, suppliers, etc.
• Depreciation
• Dues for Trade Associations, Business-related organizations
• Legal & Professional Services
• 50% of Meals & Entertainment (be sure to note date, purpose, & attendees of event)
• Office Expenses<
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  hly to ensure your orders are being completed and moved to Paid Orders in a timely manner. The Bills Due section of your file folder should be reviewed twice monthly to ensure payments are being made on-time.

  Here is a list of common business deductions to aid you in organizing your receipts:

  • Advertising
  • Bank Fees on Business Accounts
  • Business Vehicle Expenses
  • Commissions & Fees
  • Cost of Products
  • Gifts to customers, suppliers, etc.
  • Depreciation
  • Dues for Trade Associations, Business-related organizations
  • Legal & Professional Services
  • 50% of Meals & Entertainment (be sure to note date, purpose, & attendees of event)
  • Office Expenses<
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    ness Vehicle Expenses
  • Commissions & Fees
  • Cost of Products
  • Gifts to customers, suppliers, etc.
  • Depreciation
  • Dues for Trade Associations, Business-related organizations
  • Legal & Professional Services
  • 50% of Meals & Entertainment (be sure to note date, purpose, & attendees of event)
  • Office Expenses
  • Travel Expenses
  • Rent
  • Utilities
  • Services performed by Independent contractors

  By utilizing this simple tool, it will not only keep you organized but it will save you precious time when Tax Season rolls around.

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