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Published at Sunday, May 23rd 2021, 10:11:02 AM. Bill Spreadsheet By Leanna Everett. Starting a small business out of your home, offering products or services like business consulting, photography, selling on the web or a MLM? You are now faced with tracking all your expenses and revenues for your business and you certainly dont have the money yet to engage a bookkeeper or accountant. If your business is a sole proprietorship, whether it be a Canadian Proprietorship or a US-based Proprietorship, you do not require an accountant to submit your company financials (books) to the IRS (USA) or Revenue Canada). Your business revenue and losses are reported as part of your annual personal income tax. For this small business start-up, you wont need to buy fancy accounting software, like Quick Books or AccPac to track your business.
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Published at Sunday, May 23rd 2021, 07:57:12 AM. Bill Spreadsheet By Darla White. Online banking will probably one day soon help us all by categorizing these expenses upfront for us. The banks are dragging a bit on this point but it will happen. For those of us that dont use online banking to keep our list of expenses or dont use Quicken, Quickbooks, Peachtree or MS Money to gather our list and categorize the expenses there is a simple solution. Create a spreadsheet with all of the typical monthly bills that occur. In the beginning keep it simple. As an example if your wife bought gas at Shell and you bought gas at Kroger then the category is GAS. Eventually you may want to break it up to see which vehicle is using the most gas but in the beginning keep it simple when listing, categorizing, and calculating monthly bills.