Let’s Talk Taxes and Bookkeeping!

by PotPieGirl on January 22, 2012 · 19 comments

Taxes – woohoo, right? Bookkeeping, double woohoo…lol! I know this is not the favorite topic for the self-employed (or anyone, for that matter), but it’s a fact of life (ugh). So, if you’re an affiliate marketer or any type of online business owner, how do YOU keep your accounting records? I’d like to show you how I do my books to keep up with everything and be ready for taxes – and then hear your ways for doing it.

Bookkeeping and Accounting for Online Business Owners

First off – I am not an accountant or a tax attorney or any other type of expert in those fields. Also, I am talking as a US citizen here as I don’t have a clue about taxes and accounting for other countries (sorry).

In short, this post is geared towards those working online, that live in the United States, and that operate as a sole-proprietor or single LLC (ie, your business tax form is included as part of your personal 1040 form – most likely as a Schedule C addition to your 1040). However, my solutions work really well for all types of “Schedule C” type businesses – it doesn’t have to be an online business.

This girl is the BOMB-digity