| || |
Small business owners on a January to December fiscal calendar can heed this tax advice on making categories for transactions. This comes from accountant Jackie David of the Glendale, California area on preparing for tax returns.
The full information is in an article I wrote in 2011 on Examiner.com as the LA Business News Examiner. Click here to read the full article.
She says there are four types of transactions:
Create categories for each type of transaction and then total them up.
Get a consistent bookkeeping system going for the year ahead and spend 30-minutes each week to organize receipts and invoices.