Show Expenses

[kitchenqueen]

I was wondering if all expenses and milage had to be included before you submit the show through Pampered Parter? I added up my milage from a show in Texas (I live in Oklahoma). I submitted the show the last day in April but had the milage amount after the show had ended. Any advice would be great. I am trying to stay organized for tax time next year!

Thanks,
Erica

 

[kcjodih]

add expenses anytime

Erica,

You can add your expenses anytime, it doesn't have to be before or during the show. Sometimes I do it right after each show, sometimes not until the end of the month. I just keep everything all together and then go into PP and away I go. I add my mileage for shows and dropping off host packs , postage, etc. I like some sort of routine though so I don't forget, or more likely get lazy...

Jodi

 

[BethCooks4U]

record expenses at least monthly

Erica,

You can add your expenses anytime, it doesn't have to be before or during the show. Sometimes I do it right after each show, sometimes not until the end of the month. I just keep everything all together and then go into PP and away I go. I add my mileage for shows and dropping off host packs , postage, etc. I like some sort of routine though so I don't forget, or more likely get lazy...

Jodi

That's the key! Have a routine! It took me two days to organize my expense receipts to do my taxes for 2004. NOW I enter expenses as part of my office day once a month and that will save me so much time next January!

 

[PamperedGinger]

I've gotten into the habit of entering my show mileage as soon as I put the show into PP...even if I haven't had the show yet. It just makes it easier because when you balance out your show, PP will put it automatically into your expenses worksheet.

I have a large envelope beside my desk where I put my reciepts. At the end of the month, I enter those into PP's expense/income worksheet. Then I file them and the envelope is ready for the next month's receipts.

Find a system that works for you and try to stick to it...make it a routine.

 

[MSmith]

You don't have to have all of your expenses for a particular show input before you submit, but it might be a good habit to get into if you don't already have a system in place.

For receipts, I also like to highlight specific items and notate the show # or recipe on it. That way it is an easy link to my entries in PP. Oh, and I also make a checkmark on it to signify that it's been entered into PP expenses.
I also have a folder labeled "2005 PC Receipts" and as I enter into PP, I put it in the folder.

Another tip I've heard/read: set up your PP codes to mirror the tax deductible categories, it will definitely help at tax time if you can print that report and easily input the figures into forms.