The Easy Way to Keep Track of Business Expenses

Whether you're traveling around the world for business trips or simply taking a local client out to lunch, chances are you incur some expenses in the course of doing your work. For record-keeping, taxes, and reimbursement, it's key to implement a system to organize the money you're spending on behalf of your company.

After starting three small businesses, I've learned firsthand the headaches that accounting causes for most small business owners. It's one of those back-office tasks that never cross your mind when you decide to run your own business, and yet it sucks up your day and makes running a successful business that much harder.

Learn how to write off your vehicle, your meals & entertainment and your home office. Learn how to deduct your business equipment. With an attractive updated interface and credit card integration, Taxbot is an easy way to keep track of business expenses, including mileage, from anywhere in the world using your computer, laptop, iPhone or Android smartphone.

Often providers think it is too much work or they don't know what expenses are deductible. This section will help you improve your business record-keeping practices. This information is excerpted from the Family Child Care Record Keeping Guide by Tom Copeland, available from Redleaf Press.