![]() You should have received a 1099-NEC for any commission you received from your parent company. W2 income wouldn’t be reported for your business as that is for employee wages. You need to report your income for the whole year so if you have it for the whole year or another interval that is fine. You do not need to go back and do it weekly. Just know, I’m not a tax professional so I always recommend reaching out to a CPA or other tax professional to get help on your specific situation.ġ. Hey Cassie – Below are my thoughts on these. Will I need to have printed receipts of everything or just give my tax accountant a print out of the excel sheet? When I enter my cell phone and internet expense, do I list a percentage or the actual amount as the expense $ and let my tax account know how much was used for business vs personal?ĥ. which category do I need to log the purchase of the books?Ĥ. When I purchased my own books I use for showing in my parties, or having on hand for customers who wanted to stop by and browse in person, or give away as prizes to winners of drawings in VIP etc. Or what would be the best/easiest way to enter this information.ģ. $100.00 includes shipping charges, tax, books etc. Once payment was received, I then paid $100.00 with MY credit card to Usborne to close party. ![]() ![]() Since I am able to apply the promotion I offered to my host for their party or “FREE BOOKS” of say $15.00, the HOST A total due was $85.00 which they then paid me via PayPal. Because I did it this way for most of my hosts, do I have to record every time I did this by entering the payment using my credit card, then the payment to me by customer for the amount they paid? For example, I closed HOST party and total amount due to close party was $100.00. When I would close my hosts parties, I would usually have them pay me via Venmo, PayPal, Facebook messenger to avoid credit card number exchange. Do I need to go back and enter my weekly income (or every time I was paid) or can I just enter my W2 as the income for the year?Ģ. I just have a couple questions on entering information….ġ. I was able to make it open somehow using Googlesheets. Change Budget to Goal if you want to use the spreadsheet to track your savings goals.Thank you for getting back to me so quickly.The expense tracker can be used for income tracking by making just a few changes to the labels. In the latest version, I changed the date format to the default * format so that dates will display as d/m/yyyy or m/d/yyyy depending on your computer's locale settings.When inserting a new category, insert the new column to the left of the Other column and then copy/paste formulas in the header and total rows. ![]()
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