Saving Time On Your Taxes & Bookkeeping

Your Checklist
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– Open a business credit card (here’s a list of the top cards for acquiring travel points)
– Open a business checking account
– Set up your tax/receipt folders
– Decide on a scanning method for your phone
– Create a Financial Stats spreadsheet (we recommend creating a new sheet for each quarter)
– Hire a bookkeeper (good options are: Evolved Finance, Bench, Streamline Bookkeeping)
– Set a monthly financials meeting with yourself and STICK TO IT (review your P&L, Financial Stats Spreadsheet, Receivables, a Expense Report)

NOTE: Set up all of your business expenses to be auto-charged on your business credit card (or pulled from your business checking if the vendor doesn’t accept credit cards).