↑

Practical Mommy

  • Start Here
    • Home
    • About Practical Mommy
    • Work With Me
    • Contact Me
  • Work at Home
    • Detailed How-To Guide
    • Blogging Resources
  • Mom Hacks
    • Mom Hacks
    • Mommy Style
  • Parenting
    • Parenting
    • Parenting Lounge
  • Motherhood
    • Pregnancy
    • Relationships

How To Make Tax Time Easy On Your Blog Or VA Business

By Kristen Miller | Disclosure Policy: This post may include affiliate links.

Share on Facebook
Facebook
0Pin on Pinterest
Pinterest
93Share on Google+
Google+
0Tweet about this on Twitter
Twitter
Share on StumbleUpon
StumbleUpon
0

Please note: most printables and e-courses are not available at this time. Sorry for the inconvenience.

This post is sponsored by Xero.com. All opinions are my own.

When I first started blogging I didn’t keep good money records. Yikes! I keep great records in my personal life, but the blog was something different. It was new. And basically I was only spending money, so I didn’t think it mattered to keep track.

Then tax time rolled around and it was sooooo hard! I didn’t have to PAY taxes (still it was a loss). But I needed to know how much of a loss to claim (and be able to back it up in case of an audit).

That was stressful! I vowed not to be so scattered next year.

That’s where Xero.com comes in. It’s an online accounting software that helps you keep track of your business.

Here’s a video that shows you how it works. It’s so simple. And you don’t need to have employees or a team to use it and make it work. It’s great for solopreneurs too.

Top Reasons To Use An Accounting Software such as Xero

(instead of just writing in a notepad or using Excel)

Trust me, I know. I LOVE Excel. I use it for everything. But it’s just not enough for keeping track of your blog or VA business.

Reason #1 – Make Tax Time Easy Peasy

It won’t take you months of sifting through emails and receipts to find out much you made and spent on your blog because it will all be in ONE PLACE.

Reason #2 – Keep track of the money

Know what you’re spending your money on and where you’re making money. Use easy to view charts and graphs to make sense of your business and make smarter choices.

Reason #3 – Make your invoices look a bit more professional than Paypal

There is nothing wrong with starting with Paypal, but Xero can make your invoices too so professional. You only get one chance for a first impression!

Get 30% off your first 6 months now.

Don’t wait until your blog or VA finances are a complete mess. Start keeping track of things now.

Top Tips To Keep Your Blog Finances Together

Tip #1 – Do it now!

Here is my biggest tip when using any software to keep track of your business expenses – Enter it right away!

Don’t think – “I’ll remember it.” or “I’ll enter it later”

You WILL forget. Sorry, it’s true.

I keep all finance emails in my Inbox until I’ve entered the expense or income in Xero.

Whenever I get paid, it goes into my checking account app and Xero.

Whenever I buy something, it goes into my checking account app and Xero.

Tip #2 – Keep everything separate

If you don’t have one already, get a separate email address with your domain (you can get one easily through Google now), set up a separate checking/credit account and a separate business Paypal account.

It is so much easier at tax time, when everything is already separate! It will make the IRS happy and it will make you happy since you have less work to do.

Tip #3 – Set up Xero right away

You might be sensing a theme here. Personally I am a recovering procrastinator. I don’t know about you, but I know when I tell myself I will do it later, there is a 50% chance it will never get done.

So, a lot of my advice is always just – do it now. Get it done and then fix it later if you have to.

Don’t procrastinate. Set up your accounts right away so you can start using Xero right away. The sooner you get your blog finances organized, the sooner you can focus on doing more of what you love – blogging, right?

When you make your finances a habit – you set yourself up to win.

Share on Facebook
Facebook
0Pin on Pinterest
Pinterest
93Share on Google+
Google+
0Tweet about this on Twitter
Twitter
Share on StumbleUpon
StumbleUpon
0

Filed Under: Make Money, Money, Save Money, Start a Blog, Work at Home

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

A 30-something Mommy to 2 darling girls (2 and 4) and a newborn baby boy. I love reading, writing, trying new beers with my husband and binge watching series on Netflix.

Looking for something?

Subscribe to the

Newsletter

GET ALL THE LATEST FROM PRACTICAL MOMMY DELIVERED STRAIGHT TO YOUR INBOX EACH WEEK!

There was an error submitting your subscription. Please try again.

Looking for something?

Connect

Most Recent Post

  • 10 Reasons Why You Should Have Your Next Kids’ Birthday Party at Chuck E. Cheese’s
  • About Practical Mommy
  • Terms of Service
  • Privacy Policy
  • Disclosure Policy
  • Work With Me
  • Contact Me
© Practical Mommy 2015. Permission granted to use images with a clear link back to the page. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.


Copyright ©2018, Practical Mommy. All Rights Reserved.
Design by Pixel Me Designs