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Xendoo vs. Bench: Comparing Online Bookkeeping Services for Small Business Owners

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This post is intended to be used for informational purposes only and does not constitute as legal, business, or tax advice. The post Xendoo vs. Bench: Comparing Online Bookkeeping Services for Small Business Owners appeared first on Xendoo.

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How Do I Pay Myself and My Taxes as a Sole Proprietor?

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To estimate how much you can draw and when you must: Set up a separate business bank account. The business name will default to your legal name unless you file a DBA (doing business as), which allows you to operate under a different name. Once your DBA is set up, you can open a business bank account.

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What happens if you get audited and don’t have receipts?

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Some examples of costs that you’ll need receipts for include: Office supplies and equipment Inventory purchases Advertising and professional services Company training and employee education Travel expenses Since this isn’t an exhaustive list, it’s best to track all your business receipts and update your records regularly.

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What happens if you get audited and don’t have receipts?

xendoo

Some examples of costs that you’ll need receipts for include: Office supplies and equipment Inventory purchases Advertising and professional services Company training and employee education Travel expenses Since this isn’t an exhaustive list, it’s best to track all your business receipts and update your records regularly.

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How Franchisors Can Build a Strong Item 19

xendoo

A bookkeeper can provide visibility into financial performance on the franchisee’s behalf, so franchisors have access to the information they need across all locations. . An online bookkeeping service is particularly helpful in this situation. Accurate, Up-to-Date Reports.