How is Your Bookkeeping?

19 Jul 2009

How is Your Bookkeeping?

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The reason I write this post is because I procrastinated big time when it came to tracking my business income and expenses. Then, when I started making plans to move from a job in the Military to becoming self-employed in Tampa, I realized that if I didn’t start tracking these numbers, I’d have an incredibly difficult time buying a new house or obtaining financing of any kind. I’d also be ignorant of how I spent my business income, which meant that my plan wouldn’t matter and my future would be blowing in the wind.

As a result, I finally got with the program…literally. I started using Outright.com because it is free and totally awesome. In the past few weeks that I’ve been using it, I’ve not only been able to get a grip on the stray expenses that keep me from my goals, but I also have a record that I can use come tax season.

If you need an online bookkeeping solution for your business, give this one a try. Once you have, let me know what you think about it by submitting a comment below.

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http://gordierogers.com Gordie Rogers

Thanks for the reminder to keep a better record of business finances. Like you said, it can help for financing later down the track.
.-= Gordie Rogers´s last blog ..Interview: Brian Armstrong Talks About His Newly Launched BuyersVote.com. =-.
http://www.mikeslife.org Mike CJ

I like the look of Outright, and I’ve been looking for something similar for myself for some time. The trouble is Outright and other similar products are all focused on people living in the US. Although most of my sales and purchases are made in dollars to US people, the whole tax section makes no sense to me.

I’ll see if I can adapt, but suspect I’m going to have to keep using my old spreadsheets in Google Docs. Thanks for the heads up though.
.-= Mike CJ´s last blog ..Lifestyle Benefits of Being a Blogger =-.
http://twitter.com/markcsalmon/status/2732037176 Mark Salmon

How is Your Bookkeeping? | Nathan Hangen http://bit.ly/pQvuQ
http://twitter.com/nhangen/status/2733430072 Nathan Hangen

#Webrepreneur How is Your Bookkeeping?: The reason I write this post is because I procrastinated bi.. http://bit.ly/xPClB
Mark Salmon

How is Your Bookkeeping? | Nathan Hangen http://bit.ly/pQvuQ
http://nathanhangen.com/blog/getting-over-the-mountain/ Getting Over the Mountain | Nathan Hangen

[...] Save money, even if you feel like spending it. As you start to make money online, you’ll feel a tremendous desire to blow your income on things you don’t need. After all, it’s money that isn’t planned for, so why not! Do yourself a favor and start saving as much of it as you can. Don’t let yourself get used to spending it unless you absolutely must. Business expenses are fine, but even those should be accounted for. [...]