Comments on: Web Worker 101: Tracking Business Expenses

By: Web Worker Daily » Archive So You Want to Start a Business? «

Web Worker Daily » Archive So You Want to Start a Business? « — Tue, 15 Apr 2008 13:00:25 +0000

[...] in case of an audit.Head down to your bank and set up a business bank account to keep your personal finances separate from your business finances. If you plan on doing a lot of purchasing, a business credit [...]

By: Web Worker Daily » Archive Can You Take the Home Office Deduction? Probably Not «

Thu, 17 Jan 2008 13:47:21 +0000

[...] Web Worker 101: Tracking Business Expenses [...]

By: kmr2

kmr2 — Tue, 11 Dec 2007 22:43:10 +0000

We build a simple business expense tracking app for dealing with out of pocket expenses: http://www.paybackable.com

It works for our small firm, which has a few employees, but can also work for independent folks.

We just opened it up to outside folks, and are asking for feedback on how to make it better.

By: dbgeezer

dbgeezer — Wed, 14 Nov 2007 16:08:08 +0000

We grab receipts for everything, cash, credit, gas pumps, get it all. Every time we walk in the door, we deposit them in a multi-partition folder with partitions for cash, debit, each credit card, etc. At the end of each month we download bank statements, credit cards, etc. into Quicken, enter the cash receipts and audit the credit card/bank statements. Thanks to this method, we’ve caught a few ‘mistakes’.

By: emma

emma — Mon, 12 Nov 2007 12:01:45 +0000

I use http://www.spendingdiary.com to track all my expenses

By: Lifehack Digest for November 10th - lifehack.org

Lifehack Digest for November 10th - lifehack.org — Mon, 12 Nov 2007 07:13:15 +0000

[...] Web Worker 101: Tracking Business ExpensesIntended for freelance web worker’s, Web Worker Daily’s advice on keeping track of your business expenses can probably be adapted to anyone’s worklife. Offers some methods of keeping track of your expenses and a list of what expenses are legit.Tags: business freelance taxes expenses [...]

By: catherinedold

catherinedold — Sun, 11 Nov 2007 16:20:58 +0000

How to track business expenses? Charge everything, and then download the transactions into Quicken. Label everything in quicken with your categories. At tax time, it’s simple — just print out all your expenses.

And to my knowledge, phone *extras* like call waiting are deductible, even if the phone is used for personal stuff as well.

When you’re self-employed, nearly everything is deductible.

By: links for 2007-11-11 — Find Industries’ Shop Floor

links for 2007-11-11 — Find Industries’ Shop Floor — Sun, 11 Nov 2007 06:19:04 +0000

[...] Web Worker 101: Tracking Business Expenses « Web Worker Daily A little reminder about, and interesting discussion on, that painfully necessary banal task of expense tracking. It’s useful. (tags: business blogs howto) [...]

By: Ed

Ed — Sun, 11 Nov 2007 04:13:36 +0000

http://www.expensewire.com

Check it out.

By: eLd0raDo

eLd0raDo — Sat, 10 Nov 2007 19:38:25 +0000

I have reviewed Xpenser and it is an awesome tool: http://document-dot-write.blogspot.com/2007/11/xpenser-spesen-endlich-im-griff.html
Thanks for the tips and heads up.

By: chb

chb — Fri, 09 Nov 2007 22:45:05 +0000

A great resource for learning about home based business taxes is HomeBusinessTaxSavings.com I am in no way affiliated with that site, but his books and adivce have saved me!