Episode 92: Seven Rules to Make Bookkeeping Easier for Independent Contractors.

How many of us are not tracking our expenses because it's just too complicated?

Bookkeeping has a high intimidation factor. It doesn't have to be that complicated. Keep it simple. Here's seven rules to help make it easier for you.

1. If you think it's related to your business, track it.
2. If the expense is reasonable and necessary for the operation of your business, it's an allowable expense.
3. Track your miles.
4. Keep a record of the money your delivery business earned.
5. Organize your expenses and income into transaction types.
6. Find a tool for organizing your transactions that makes it easiest and most likely for YOU to keep tracking.
7. Have someone who understands taxes take your records and do your taxes for you.

You can see images, and an associated video on the related blog post at EntreCoureir.

This is about bookkeeping - tracking expenses, not taxes. You can read more about taxes on our tax guide. It includes several articles on tracking miles, expense categories, and how taxes work.

We talked about some tools you can use.

Check out my review on Quickbooks Self Employed.
If interested, you can use my affiliate link for Quickbooks Self Employed for Android or on IOS in the App Store

Check out our recent overview of GoDaddy Bookkeeping for delivery independent contractors. You can use my affiliate link to get that program here.

Hurdler is another cost effective but feature rich option that I'm beginning to really like. This too is an affiliate link

You can also check out affiliate links for Quickbooks Online and for Freshbooks

More about the EntreCourier

You can get more tips and ideas at our website, Entrecourier.com
Our Podcast page is at DeliverOnYourBusiness.com
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