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ISSN 1939-2834
Vol. 2, No. 19 | May 12, 2008
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In This Issue:
From the Editor
Creating a stress-free life and business often involves preventive measures
and keeping loose ends under control. Dawn Olinek is here this week with
a great solution for taming those nasty expense receipt gremlins.
Be fierce!
Danielle Keister
Founder & CVO
Virtual Assistance Chamber of Commerce
Keeping Stress at Bay:
How to Track Your Business Expenses
 April
15th is behind us. No more worrying about tax time again until next year,
right? Wrong. As a small business owner, it's important not to neglect
the task of keeping track of your day-to-day expenses. Here's a scenario
I'm sure sounds familiar...
You make a quick run to your local office supply store to
purchase some printer paper and ink cartridges. As soon as you leave the
store, you stuff that receipt into your pocket or purse. Instead of recording
your purchase as soon as you get back to your home office, I'm willing
to bet you often are guilty of putting that receipt into a pile on your
desk to be dealt with later. Before you know it, tax time is upon you
and you have no idea how much you can deduct toward office expenses.
Stress time! You end up rifling through stacks of receipts
tallying up how much you spent over the last year and what category the
expenses fall under. Let's face it... you are unorganized and need a little
push to regain some sense of organization.
I admit I am a real task master and do what I can to avoid
any type of last minute crunch. Recording my office expenses is one area
I won't let slide. Here's what you, too, can do to help alleviate the
stress of your year-end business financials...
If you aren't already using business accounting software,
I recommend that you download the free version of Quickbooks Simple Start
2008. This program is packed with all the tools you'll need to keep your
business financials streamlined and organized. Every time you make a business
purchase, simply log the date, vendor, category and amount into the program
and it will spit out your balance.
You can keep track of all your expenses, from purchasing
supplies to paying for Web hosting. Filing your taxes will be much easier;
all you'll have to do is open up Quickbooks, click on "Record Expenses"
and it will show your entire lists of expenses for the past year, organized
and at your fingertips.
RESOURCE: Quickbooks
Simple Start 2008, the essential tools you need to track your
small business sales and expenses.
 About
the Author: Dawn Olinek is principal of Egghead
Virtual Associates, a Virtual Assistant practice providing
brainy business solutions to financially resourceful entrepreneurs.
Her professional experience spans business entrepreneur, college administration,
marketing, human resources, administrative support and education.
Next
FREE Teleseminar on May 15, 2008: Niche Clarity — How to Choose
a Niche That Fits YOU Like a Glove
 Have
you been resisting the idea of choosing a niche (target market) to focus
on in your business? Are you tired of feeling like a wallflower in your
area of expertise? Would you like to attract new clients and make more
money? Then join us on Thursday, May 15 (this
Thursday!) , when Life on Track mentor
Cari Vollmer demystifies the niche-choosing process in this high-content,
high-value teleclass.
RESERVE
YOUR SPOT TODAY >>
- A D V E R T I S E M E N T -
 Find
Your Niche Helping Authors Tame the Publishing Process. Many of
the skills you have as a Virtual Assistant are directly transferable to
the specific tasks needed by authors as they work through the publishing
process. Consider working with authors as a niche! Click
to learn about training and watch a video...
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