SlideShare a Scribd company logo
WHAT TO KEEP TRACK OF
 WHAT RECEIPTS TO KEEP
  HOW TO RECORD THEM
   Keep all of your receipts - don’t throw
    anything away.
   When you come home at the end of the
    day, empty your wallet. I use a basket
   (shoe box ) anything.
   Every couple of days go through your box
    and file receipts in categories.
   FILES TO PREPARE

   Products bought.
   Products sold.
   Products consumed.
   Products used for samples and demos.
   Sales tools used.
   Supplies for shake and shot parties,
    wellness meetings and grand openings.
   HOME EXPENSES
   Heating and hydro
   Fire wood
   Water
   Mortgage or rent
   Phone
   Computer line (internet)
   Gas or oil
   BUSINESS AND OFFICE EXPENSES

 Cell phone.
 Postage and shipping.
 Long distance plans for conference calls.
 Meeting expenses, (from your grocery list - milk,
  cream, fruit, nuts and snacks you serve, coffee
  and tea).
 Meeting expenses when doing one-on-ones at
  Tim Horton’s, Starbucks, (other locations).
   AUTO EXPENSES

   Keep all auto expenses.
   Car lease or loan.
   Gas
   Repairs
   Parking
   ETR if you use it.
   Car washes, including wash bay where you
    pay cash, no receipts but mark in your day
    timer.
   Find an accountant that understands
    “Direct Selling”. You can write off more
    than just a conventional business.
   Make sure you have everything in your day
    timer, all appointments, conference calls to
    show activity for your business.

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Record keeping 1

  • 1. WHAT TO KEEP TRACK OF WHAT RECEIPTS TO KEEP HOW TO RECORD THEM
  • 2. Keep all of your receipts - don’t throw anything away.  When you come home at the end of the day, empty your wallet. I use a basket  (shoe box ) anything.  Every couple of days go through your box and file receipts in categories.
  • 3. FILES TO PREPARE  Products bought.  Products sold.  Products consumed.  Products used for samples and demos.  Sales tools used.  Supplies for shake and shot parties, wellness meetings and grand openings.
  • 4. HOME EXPENSES  Heating and hydro  Fire wood  Water  Mortgage or rent  Phone  Computer line (internet)  Gas or oil
  • 5. BUSINESS AND OFFICE EXPENSES  Cell phone.  Postage and shipping.  Long distance plans for conference calls.  Meeting expenses, (from your grocery list - milk, cream, fruit, nuts and snacks you serve, coffee and tea).  Meeting expenses when doing one-on-ones at Tim Horton’s, Starbucks, (other locations).
  • 6. AUTO EXPENSES  Keep all auto expenses.  Car lease or loan.  Gas  Repairs  Parking  ETR if you use it.  Car washes, including wash bay where you pay cash, no receipts but mark in your day timer.
  • 7. Find an accountant that understands “Direct Selling”. You can write off more than just a conventional business.  Make sure you have everything in your day timer, all appointments, conference calls to show activity for your business.