Set up your expense spreadsheet to record your business expenses in a way that by the end of the end they are sorted out ready for you to enter them on their corresponding lines on your business tax return form.

 

How to create a business expense spreadsheet?

At the beginning of the year, it is a good idea to set up a spreadsheet to record expenses as you incur them.

Track your business expenses

Record them with tags that describe where you would deduct it on your business tax return

This makes it easier to file your business tax return

 

Business Expense Category
Business Expense Category

When you set up your business expense spreadsheet use the expenses deduction as listed on the business tax return you would use for your business and have them in columns.

 

Tax Cateegory

Report expenses under each column they correspond to.

At the end total each column to find the total expense under that expense category.

You could use Table function in your spreadsheet as well to be able to facilitate data entry.

You could create your business expense spreadsheet with the type of deductions you have on your business tax return on top of your spreadsheet

 

Business Deduction-Form 1120S
Business Deduction-Form 1120S

You could put a row on top of that row and enter the line numbers the deductions are listed on your business tax return

 

How to record your business expenses?

Every time you make a purchase, enter the date, the description of the purchase, and enter the amount enter the deduction type you would report it on your business tax return.

 

Business Expense Spreadsheet
Business Expense Spreadsheet

By the end of the year, you would have all your business expenses sorted out and ready to file your business tax return.

Welcome to Digital download store!

 

https://liberdownload.com

Digital templates and spreadsheets to assist you manage your money, your business, and file your business taxes without stress.

Business Consulting Session:

Weekly business virtual meeting to assist Sole Proprietor, LLC, and S Corporation owners with business and tax related issues.

Small Business Group Session-Quarter 1:

https://liberdownload.com/downloads/small-business-group-session-quarter-1/

Small Business Group Session-Quarter 2:

https://liberdownload.com/downloads/small-business-group-session-quarter-2/

Small Business Group Session-Quarter 3:

https://liberdownload.com/downloads/small-business-group-session-quarter-3/

Small Business Group Session-Quarter 4:

https://liberdownload.com/downloads/small-business-group-session-quarter-4/

 

How to manage your business:

Business Planners and templates to help you manage your business successfully, file your business taxes and claim the right deductions.

 

Business Expense Excel Spreadsheet-LLC-BEESL31321:

https://liberdownload.com/downloads/business-expense-excel-spreadsheet-llc-beesl31321/

 

Depreciation Worksheet PDF-DWP21121:

https://liberdownload.com/downloads/depreciation-worksheet-pdf-dwp21121/

Depreciation Summary Spreadsheet-DSS22821:

https://liberdownload.com/downloads/depreciation-summary-spreadsheet-dss22821/

Depreciation Spreadsheet-DS22821:

https://liberdownload.com/downloads/depreciation-spreadsheet-ds22821/

 

Daily To Do List PDF – DTDLP1221:

https://liberdownload.com/downloads/daily-to-do-list-pdf-dtdlp1221/

Daily To Do List PDF – DTDLPBW1221:

https://liberdownload.com/downloads/daily-to-do-list-pdf-dtdlpbw1221/

 

Daily Work Activity Log Excel Template – DWALET21221:

https://liberdownload.com/downloads/daily-work-activity-log-excel-template-dwalet1121/

Form 940 Business Tax Checklist – F94011821:

https://liberdownload.com/downloads/form-940-business-tax-checklist-f94011821/

 

Form 944 Business Tax Checklist – F94411821:

https://liberdownload.com/downloads/form-944-business-tax-checklist-f94411821/

 

How to manage your money:

Finance Planners to manage your money, pay off your debts, and put your money to work.

Budget and Monthly Expense Tracker – BO2D22:

https://liberdownload.com/downloads/budget-and-monthly-expense-tracker-bo2d22/

For more digital products would you please visit: https://liberdoanload.com.

For printed business stationery ready to ship to your door: https://liberlabel.com

 

Manage Your Business Yourself

Previous articles in this category

Tips and tools to create, run, and manage your business successfully.

 

Disclaimer:

“I am not an attorney to practice law. I am not allowed to draft legal documents, give advice on legal matters including immigration, or charge a fee for these activities.” Our articles are informative and based on our knowledge and experience. They are for educational purpose only. Use them at your own discretion.

Affiliate Links Disclaimer:

Our articles contain affiliate links. When you click on one of our affiliate links and make a purchase, we will receive a commission. We thank you very much for your support!

 

Please Find About our Products and Links Below

Free Download

Would you please check the “Free Download” section on our website for budget spreadsheet, budget planner PDF, tax forms, motivational quotes, checklists, and more for you do download.  You don’t need to subscribe to access them.  We would like to have you in our community where we interact and encourage each other to reach our goals. We invite you to join our email list, but it is not required to download from Free downloads.

https://ninasoap.com/free-downloads/

Our Objectives

At Nina’s Soap (Liberman Consulting L.L.C.), you would find information to live a quality life within budget and increase your net worth. Topics covered include personal finance, investment, business management, cooking from scratch and growing some vegetables and fruit to save money and eat healthy.

For more, would you please check our blog:

www.ninasoap.com

Contact Information: care@ninasoap.com

You Tube Channel:

Are you a visual type person? We got you covered! You can watch video contents including how to file your business tax returns yourself at:

https://www.youtube.com/c/LibermanConsultingLLC

Liberman Consulting L.L.C. Podcast:

Do you like to listen to podcast while you are busy working to maximize your time and learn at the same time? You can listen to contents including how to save money and create multiple sources of income at:

https://www.buzzsprout.com/1585738/

Join Us for Free

You are invited to join us where you could ask questions, stay motivated and work toward reaching your financial goals.

 

Join Now Button

 

How to Find Previous Articles

To make it easy to navigate our website, would you please check the side bar? Under “Post Archives”, are our “categories”. The links to our prior articles are saved under their appropriate categories. Would you please click on any category under “Post Archives” to read the titles of previous articles and click on the link of your interest to open the article.

 

Welcome to Our Financial Success Group!

To learn more tips on how to live below your income without sacrificing the quality of your life and start building wealth, would you please join our community for FREE by subscribing here:

https://ninasoap.com/membership-join/

 

Our Online Stores

Welcome to Nina’s Soap our Natural Products Store

https://ninassoap.com

Our Online Stores

Welcome to Nina’s Soap our Natural Products Store

https://ninassoap.com

Natural soaps are handmade with quality grade natural unrefined oils and butters, food grade sodium hydroxide, and herbs grown in our garden without pesticide or chemical fertilizer—- no additives, no fragrance, no dye.

 Towels, washcloths, and cloth napkins are natural and eco-friendly alternatives of paper towels, paper napkins, and tissue papers for you to enjoy in the comfort of your home while saving money and the environment.

Best Seller: Nina’s Soap Flour Sack Individual Hand Towel – Set of 5: Small size cloth napkins to use as individual hand towels in the bathroom instead of paper towels or as napkin in the kitchen for family dinners:

https://ninassoap.com/product/ninas-soap-flour-sack-hand-towel-set-of-5/

 

Welcome to Liber Label our Apparel Store

https://liberlabel.com

Customs design clothing, home décor, accessories, and stationery with motivational quotes to lift your mood every day. 

Business planner inserts, business tax checklist, to do list, many printable of our digital downloads can be purchased here and shipped directly to your door.

 

Welcome to LiberOutlet.com our Resale Store

https://liberoutlet.com

New and used office supplies, toys, small kitchen appliances, household products, packaging supplies at a bargain price.

Welcome to Liberdownload.com, Digital Products Store

https://liberdownload.com

Budget and Monthly Expense Tracker, Checklist to create your online store, Inventory and Sales Excel Template…tools you need to manage your money, start and run your business successfully, and reach your financial success.

If you are a Sole Proprietor, a Limited Liability Company (LLC), an S Corporation, or an LLC taxed as an S Corporation, articles and videos on our channel would be helpful to file your business tax returns. If you need more help and would like to meet with us, would you check if our Group meeting session is the best fit for you.

Business Consulting Session: Virtual Group Meeting for new Business Owners that need help organizing their business income and expenses and be able to file business taxes themselves:

Small Business Group Session-Quarter 1:

https://liberdownload.com/downloads/small-business-group-session-quarter-1/

Small Business Group Session-Quarter 2:

https://liberdownload.com/downloads/small-business-group-session-quarter-2/

Small Business Group Session-Quarter 3:

https://liberdownload.com/downloads/small-business-group-session-quarter-3/

Small Business Group Session-Quarter 4:

https://liberdownload.com/downloads/small-business-group-session-quarter-4/

Affiliate Links:

Bluehost: We host our websites at Bluehost and like their service. They take the time over the phone to help solve website issues

https://www.bluehost.com/track/ninasoap/

 

Please Register for Free

Registration