You’re too busy right now to track every last dollar, so you’ll get it done in March or April right before the tax deadline.
Then April rolls around and you can’t remember what that receipt was for. What about this random $27 charge?…
…and you swear you have a receipt for those tools you bought., but it's nowhere to be found.
So you file an extension and swear you'll get it done by May.
Soon it's September and your deadline is approaching...
Does this sound familiar?
You are leaving money on the table when you aren’t tracking your expenses properly. It's your duty to keep your taxes low, so it's time to get organized!
As your business grows, you'll probably outgrow excel and move up to something more advanced such as QuickBooks. Accounting software is expensive and has a serious learning curve, so it's better to start with something simple for now.
That's why I am releasing an updated version of the actual excel spreadsheet I used to track my properties for the first 3-4 years of my business.