Monday, December 21, 2009

Anybody know what book keeping system to use for a self service car wash?

Something simple that accounts for all income and expenses. Be sure expenses are itemized in a journal with categories like soaps, maintenance, payroll, utilities, etc., etc. Every expense needs to be put into a category. You will have many other expenses like insurance, State taxes. . . Income will be all the deposits made to your business account. Other records will be keeping receipts for all maintenance work, taxes to the State on behalf of employees.. You need to report income and expenses on the tax return every year on Schedule C. Never mix the money with your personal assets. If you take a salary keep it constant and keep good records. Never skim income off the record as it is illegal. Best wishes.Anybody know what book keeping system to use for a self service car wash?
ms money works well for small businesses

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