Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Small Business Finances and other Small Businesses topics.
Rather than stuffing all of your business records (invoices,
receipts, statements) in a file to be sorted through at the
end of the year, be proactive. Balance your business accounts
at least monthly. Keep a ledger or log of your sales, purchases,
and misc expenditures. The more often you do it, the easier
it will get. By the end of the year, you'll be all set to
file your taxes without encountering a huge mountain of paperwork.