Not all payment methods are created equal when it comes to tracking expenses and maximizing tax deductions. Here’s a breakdown of the best options: - Credit cards are one of the best options because they create a clear record of every transaction, provide monthly statements, and categorize expenses automatically. This makes tracking deductions much easier. - ACH bank transfers are also a great choice since payments are made directly from a bank account, making them easy to record. - Debit cards work similarly to ACH transfers but do not offer the same fraud protection or rewards as credit cards. - On the other hand, checks can be harder to track since they take longer to process and require manual recording. - Cash is the most difficult to manage for tax purposes. Without proper receipts, it can be nearly impossible to track and claim deductions. Keeping organized financial records ensures that business expenses are properly accounted for and helps avoid surprises during tax season. Working with a bookkeeper can make the process even smoother and help ensure everything is tracked correctly! . . . #BusinessExpenses #Expenses #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
Mantle Financial Solutions
金融服务
Plain City,OH 495 位关注者
We help Business Owners with their money so they can use it to drive their companies to success.
关于我们
We help Business Owners with QuickBooks and Financial Services so they can focus on managing cash flow and driving their businesses to success.
- 网站
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www.mantlebizsolutions.com
Mantle Financial Solutions的外部链接
- 所属行业
- 金融服务
- 规模
- 2-10 人
- 总部
- Plain City,OH
- 类型
- 私人持股
地点
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主要
US,OH,Plain City,43064
Mantle Financial Solutions员工
动态
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New season, new mindset! What are you most excited about Spring? . . . #Spring #NewGoals #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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Economic ups and downs happen, but staying on top of your finances and efficiency can help your business stay strong. Read our new blog post to help your business stay strong no matter what the economy does. . . . #BusinessFinance #BusinessSuccess #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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If you’re a business owner, chances are bookkeeping isn’t your favorite task. And honestly, it shouldn’t be because your time is better spent growing your business, not stressing over numbers. That’s where a bookkeeper comes in. We can take on as little or as much as you need, whether it’s tracking expenses, reconciling accounts, handling payroll, or getting your books tax-ready. Just let us know what you need help with, and we’ve got the solutions to keep your finances organized and stress-free! Let’s chat about how we can support your business! . . . #Outsourcing #Delegate #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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If you’ve covered business expenses with personal funds, it’s important to reimburse yourself properly to keep your books accurate. Here’s how to do it the right way: First, track every expense by saving receipts and noting what each purchase was for. Keeping detailed records ensures your books stay clean and tax-ready. Next, record the expense in your accounting software under "Owner Reimbursement" or "Owner’s Contribution" so it’s properly categorized. Then, pay yourself back using a business check, bank transfer, or payroll (if you’re on salary). Always reference the original expense to maintain clear records. Finally, keep all documentation in case of an audit. Organized records protect your business and make tax season much smoother. This process may vary depending on your accounting software, so if you need personalized help, send us a DM or set up a call with us! Need help managing your records? We can make the process seamless! . . . #Reimburse #Expenses #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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The first quarter is wrapping up! Here’s a quick checklist to keep your finances on track. Have a question or need help reviewing your finances? Contact us today! . . . #BookkeepingChecklist #QuarterlyChecklist #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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Knowledge is power! Every successful business owner knows that learning never stops. Whether you're looking to improve your finances, leadership, or marketing, these book topics can help you grow in any stage of business! What’s the best business book you’ve read? Drop your recommendations below! . . . #Success #BusinessBooks #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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Don’t miss the deadline! Staying on top of deadlines is key to avoiding late fees, penalties, and unnecessary stress. Mark these important dates on your calendar and share this post! . . . #BusinessTaxes #TaxSeason #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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As the first quarter wraps up, now is the perfect time to check in on your business and finances. Here are a few questions to guide your Q1 review: Did you hit your revenue and profit goals? Is your cash flow steady or feeling tight? Is your bookkeeping up to date? What worked well, and what needs improvement? Taking a moment to reflect helps you make smarter decisions for the months ahead. What’s one key takeaway from your Q1? . . . #BusinessRecap #EndofQ1 #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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Happy Pi Day! So, whether you're celebrating with math, money, or an actual slice of pie, take a moment to appreciate the numbers that keep everything running. Tag a friend! . . . #Motivate #BusinessLife #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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