Boutique builders often get so excited and caught up in the boutique building journey, that they forget to keep track of ALL of their expenses. For most tracking, the price spent on buying wholesale products is all that comes to mind, but every little expense is important and can be used to for write-offs when you file your taxes. Keep track of expenses and ensure you are complying to the IRS as well as staying on top of getting the most back as possible.
I DO recommend hiring an accountant who can ensure that you are filing your taxes correctly, but if you aren’t ready to find one check out these alternatives to keep track of your expenses on your own.
Recommend Expense Tracking Software
Quickbooks
-Four pricing tiers
-Starting at $10/month
Freshbooks
-Three pricing tiers
-Starting at $15/month
Quicken
-Four pricing tiers
-Starting at $34.99/year
Xero
-Five pricing tiers
-Starting at $9/month
For more information to understand the key differentiating factors of the softwares check out: https://zapier.com/blog/freshbooks-vs-quickbooks-vs-xero/#Comparison