Tips & Tricks Busy Professionals Can Use to Simplify Their Lives
Compliments of Ribary & Associates, LLC
www.tiaribary.com

Shoebox B-Gone!

If your accounting “tracking system” is a shoebox or envelope full of receipts, use the nearest pen to make tracking expenses a breeze. Here’s how:

Pull out all those receipts and categorize them into “business” or “personal” expenses. If a receipt has both business and personal expenses on it, circle the items that are for business use. Once your caught up, don’t get behind again! Get in the habit of jotting a note on your receipt when you first receive it. For example, if it’s a business meeting at a restaurant, write down the person you had lunch with as soon as you pay for your meal. If it’s supplies for the office, write “supplies” at the top before you put the receipt in your wallet.

Categorizing expenses now will make the data entry process easier, saving you time and money at the end of the year. If you’re doing your own data entry, take it in small bites. Get in the habit of entering information on a weekly or monthly basis, rather than waiting until the end of the year when it seems too overwhelming! Many banks allow you to download your transactions directly into Quicken and other accounting software as well. Making use of this feature can greatly increase your efficiency.

If you’d like assistance tracking your business expenses, just give Ribary & Associates a call. We can create systems, organize, track, and enter all your expenses and income to help you keep your business thriving.

Next month, look for the next step in this process – keeping your records organized. If you would like more information before then, call us anytime! 503-810-3794

Resources and Referrals:

For additional organization assistance, I’d like to recommend the following businesses to you.

To learn more about what ACT! has to offer, and how it can make client tracking simple, contact Mary Davis at 503-228-8553 or email her at Info@MaryTDavis.com. You can also visit her online at http://www.marytdavis.com The next basic ACT! Class is on August 31st! It’s packed full of useful, relevant tools and doesn’t take a lot of time.

To learn more about a particular software you know you need but don’t know how to use, go to http://www.newhorizons.com They provide software training on office programs such as MS Office Suite, QuickBooks, Quicken and much more.

And for one on one training in the MS Office Suite, call Lorri Andersen of Computer MOMS at 503-356-6588.

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