Receipts & Bookkeeping Demystified: Money School bonus series
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Receipts. Your tax return. Bookkeeping. In this week’s episode and part of the Money School series, I’m sharing three different systems that you need for your business when it comes to managing taxes so you can get more organized and be less stressed. When you understand the difference between these three things, you will stop wasting time, and you will instantly feel more organized.
I’m also explaining why you might be getting confused as a creative entrepreneur during tax time and how you can take control of your finances with some actionable steps and tools.
Also mentioned in today’s episode:
What are receipts and why are they so important 5:14
Third party verification 8:00
Why bookkeeping is so critical if you’re self-employed 12:35
The difference between bookkeeping and taxes 14:45
Building your own tax spreadsheet 23:00
Understanding the why behind your bookkeeping 25:20
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