Running out of time and your receipts are all over the place, in a zip lock bag or in a shoe box?
Here are some easy steps as an entrepreneur and small business owner (not incorporated) that you can take before you meet with your accountant or the person that will do your income tax:
- Take all your revenue invoices for the year and calculate the total revenue for the year.
- Separate your expense receipts by category, one pile for each category. Calculate the total for each expense category for the year and either staple them together or attach them with a paperclip.
This small task will help the person that will do your income tax.