Here is my system for quick and simple end-of-year tax filing. Using this system, I have current profit-and-loss calculations available at any time. As a big bonus, I complete my bookkeeping by December 31st each year — my business deductions are ready for my accountant to prepare my tax return early!
When you have a simple system and make a good habit of sorting frequently, you will feel less stressed, less overwhelmed, and much more productive. Not to mention that you’ll probably save a few hours each week by NOT having to search for “lost” stuff! Any time you need something important, it’s right there at your fingertips.
A. Incoming Sorting System
B. Daily Working Files
C. Working Files – in File Cabinet
D. Reference Files – in File Cabinet
E. Archive files – Boxed Up in Storage
Stay tuned for a blog on each of the above categories! Invaluable tips for getting & staying organized.
Regina P. Brown
Broker, Realtor®, e-Pro
Author of forthcoming book, "Virtual Office Guide for Business Professionals: Work & Profit from Home"
Join & post to my NEW ActiveRain group at http://activerain.com/groups/virtualoffice
Text copyright © 2010 R.P. Brown, All Rights Reserved
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You really sound organized!!!! My system includes putting all work expenses on American Express. At the end of the year, I get their Year-End Summary, a yellow highlighter, and my tax figures are right there for my accountant. I used to keep a book and write in all my expenses, but abandoned that when I realized AmEx could do it for me!