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Hello all,

I'm just starting up now and have my equipment under control. What I'm wondering now is this:

How do you keep track of your day to day sales and expenses for your small business?

Do you keep receipts and sales sheets in bins somewhere or do they stay online? Do you keep track of everything in a spreadsheet or do you pay for services like QuickBooks?

I've made a few purchases so far and have held onto all receipts, but I'm wondering what I should do with them to a) keep track of expenses and b) make sure I have records for legal reasons.

I have no sales yet since I haven't started producing yet, but I'll need to keep record of them too of course.

So what do you use to keep track of your finances? I'm looking for something somewhat low-tech since I don't expect a large amount of sales (It's more so a hobby business), so keeping costs low is ideal.

Thanks!
 

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we use bins for the year, separated receipts/invoices into different 'piles' with paperclips (according to purpose)
then they are all ready for tax time,
once taxes are completed they all go into an envelope labeled with the tax year

even online receipts are printed and filed
 

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quickbooks and send the file annually to the CPA for taxes. When we had employees we used QB for filing as well.
 
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