Lifes Images
New member
So I have Microsoft Accounting 2007, and have had my business since June/july.
I have made $2570, but haven't done well keeping separate records. (I plan on changing that, hence why I have this program now)
So I have made $2570, but I have spent $3000 in advertising expenses (tax deductable), and have some business expenses, such as very few mile logs, my camera, my laptop. etc (don't have depreciated values atm, but simple to find)
So I made $2570, spent $3000 in tax-deductables, plus spent $950 on a camera, and $1600 on my laptop as business expenses (plus a few odds and ends i dont care to list here)
Can i skip adding everything one by one and just do this;
One massive payment of 2570.
One tax deduction of 5550 (give or take)
?
I do have all/most of the crap to prove this, (nor do i think I'll get audited)
But i don't want to input it ALL separately... ugh!
I have made $2570, but haven't done well keeping separate records. (I plan on changing that, hence why I have this program now)
So I have made $2570, but I have spent $3000 in advertising expenses (tax deductable), and have some business expenses, such as very few mile logs, my camera, my laptop. etc (don't have depreciated values atm, but simple to find)
So I made $2570, spent $3000 in tax-deductables, plus spent $950 on a camera, and $1600 on my laptop as business expenses (plus a few odds and ends i dont care to list here)
Can i skip adding everything one by one and just do this;
One massive payment of 2570.
One tax deduction of 5550 (give or take)
?
I do have all/most of the crap to prove this, (nor do i think I'll get audited)
But i don't want to input it ALL separately... ugh!