Using Your Planner To Record Expenses
Posted by admin on Jan 7, 2008
One of the best ways for you to keep an ongoing log of your business expenses is using your appointment book, your business diary or even your planner. Service businesses are the most likely to use this type of recording method. For example, if you have an appointment for a consultation, where is there a better place to right down a receipt number or invoice number for that appointment? This helps to justify the costs to an auditor should the time come.
Another way that this is useful is to use it to help record usage time. If you use something for both personal and business use, use a binder or notepad to record how you often you use it for business. For example, if you use your computer for both business and then to play your favorite computer game, record the time you spend for business on your notepad.