![\"Expense](\"\/\/thehappyhousewife.com\/home-management\/files\/2016\/02\/Organize-365-expense-tracking-printables.jpg\" "\\"Expense"){kind=tracking}
<\/p>\nI know first hand the importance and challenges of keeping good records when it comes to having a home based business. That’s why I’m happy to share with you this post from Lisa Woodruff who has a great resource for you, and she’s offering it at a 50% discount for my readers!<\/p>\n
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Having run a home based business for over 20 years, you would think I have this tax time stuff down pat. Um no!<\/p>\n
Last year, I disciplined myself to do my finances for my business all by myself DAILY! And this year tax time has been a breeze.<\/p>\n
Each month, I would reconcile and do my tax prep on the 1st of the month. I actually started to look forward to it because I had created a checklist and form to fill out each month so I didn’t miss any expenses.<\/p>\n
Each month, I knew how much I actually made. I was able to continually refine my process and reduce my expenses.<\/p>\n
There are several statistics out there that state the percentage of home-based workers in 2020 will be 50%. <\/strong>And as a professional organizer, I know that paper organization is a hot button for most homeowners. So setting up paper systems that work are key.<\/p>\n This year, I had my graphic designer take my tax organization pages and turn them into adorable printables. Here is how I am organizing my income and expenses each month this year.<\/p>\n It is amazing how easily my mind inflates the income coming in and easily forgets the planned and unplanned expenses. Having a sheet to keep track of my income helps me make better decisions before I commit to more expenses.<\/p>\n I love watching the transactions increase as my business grows. These sheets are also helpful in seeing seasonal trends in my business.<\/p>\n Tracking my expenses month after month has helped me reduce redundant expenses and better use the services I am paying for. One of my biggest frustrations at tax time was not having my expenses organized to match the IRS Schedule C categories. This form tracks my expenses so I can transfer the numbers directly to my taxes next January!<\/p>\n Did you know business mileage is deductible at $.56 per mile?! So next time you “just run to the post office,” toss a quarter out the window every half mile. Crazy huh? I know. Once someone told me that, I started seriously tracking my mileage.<\/p>\n FYI, your calendar is a great documentation source for mileage tax deductions. I have my assistant take weekly screenshots of my Google Calendar for tax purposes.<\/p>\n I am ashamed to admit that last year was the first year in 20 years of business that I actually knew how profitable my business was every single month. Prior to this, it was a big surprise every February to see if I earned or lost money the previous year.<\/p>\n Keeping track of this number monthly had me making some BIG changes last year and ending the year with huge growth.<\/p>\n I have been following Toni’s blogging business advice for the last 3 years. As a thank you, I am offering YOU her readers a special price on my new income and expense tracking printables. I know Toni is a savvy business woman who wants you to be profitable, and these printables will help you know your business numbers and increase your profits. The regular price is $9, but The Happy Housewife readers price is only $4.50 through the end of February!<\/p>\n Here is your special link for The Happy Housewife 50% discount: Income & Expense Tracking printables<\/a>.<\/p>\n This discount is good through February 29, 2016.<\/p>\n![\"Organize](\"\/\/thehappyhousewife.com\/home-management\/files\/2016\/02\/income-tracker.jpg\" "\\"Organize"){kind=tracking}
<\/p>\n1. Income<\/h3>\n
![\"Organize](\"\/\/thehappyhousewife.com\/home-management\/files\/2016\/02\/monthly-expense-tracker.jpg\" "\\"Organize"){kind=tracking}
<\/p>\n2. Expenses<\/h3>\n
![\"Organize](\"\/\/thehappyhousewife.com\/home-management\/files\/2016\/02\/mileage-log.jpg\" "\\"Organize")
<\/p>\n3. Mileage<\/h3>\n
![\"Organize](\"\/\/thehappyhousewife.com\/home-management\/files\/2016\/02\/profit-loss-statement.jpg\" "\\"Organize")
<\/p>\n4. Profit and Loss<\/h3>\n
![\"Lisa-Woodruff\"](\"\/\/thehappyhousewife.com\/home-management\/files\/2016\/02\/Lisa-Woodruff.jpg\")
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