It’s not enough to keep track of the accounting, you also need to retain a ton of documentation to be able to support your recorded transactions in case of an audit. No receipts means no allowable deductions. However, obtaining and managing the documentation becomes a whole job within itself.
My latest Sleeter blog post talks about how this process if becoming less painful and what more needs to be done.
Join Our Newsletter
Join our email newsletter, and we'll let you know as soon as we launch Catching Clouds Academy.