Everyone who owns their own business knows that after the holiday season, we don’t look forward to spring. That’s actually not what’s next. We can’t even begin to think about floral dresses, driving with the windows down and sandals just yet. We’ve got to get through tax season.
Since you use www.flourishapp.com to manage your business this is going to be a much simpler task than it has been in the past. Here are some simple steps to get your account ready for the 2018 tax season.
- Make sure you entered all of your inventory purchases from the previous year. If you weren’t so good about getting this done, you can backdate anything as needed. Simply change the date on the form and there you go, it’s backdated. Take a look at this link if you need more help.
- Enter all of your sales invoices from the year if you haven’t already. Make sure you mark them as paid and delivered. It’s best to do this as you make the sale. But you can backdate these as well if necessary. You can click here for more information.
- Enter all of your expenses and extra income in the money section of the application. To learn more about adding expenses click here and to learn more about adding extra income click this link.
Once you’ve got that all taken care of you can take a look at your tax info report. This will give you all the information you need to file your taxes. If you have any additional questions you can contact us for support by clicking the little green conversation bubble at the bottom right-hand corner of your screen when you’re logged into www.flourishapp.com.
Originally published at http://blog.flourishapp.com on January 8, 2018.
