It's the end of the month and a great time to catch up on your record keeping for the month. Don’t wait until the end of the year and scramble to be ready for the tax man. Keep track monthly. Not only will you see where you stand each month, but also get an idea of how much more you need to do to earn downline overrides, etc.
Take 15 minutes and record all your income and expenses for the month.
Income may include:
The income that SU! paid you this month from last month's sales (Volume Rebate, Downline Override).
All the instant income you received on SU! orders placed this month.
Any additional income you got from customers (class fees, sales of retired merchandise, etc.)
Expenses may include:
Amount you paid SU! for customer orders (Cost of Goods Sold)
Any demo orders you placed with SU! for supplies, catalogs, etc.
Travel expenses (meals, hotel, airfare, etc.) incurred this month related to business travel (leadership, regionals, convention, group meetings)
Check your vehicle mileage log to make sure you included all your workshops, trips to the bank or post office, travel to downline meetings, etc. that you did this month. - Record your DBWS subscription payment.
Record any utility expenses related to your business (long distance phone charges, etc., utility payments if you claim a home office deduction).
Any other items you purchased elsewhere for use in your business (postage stamps, copy paper, items to stamp on for a class, etc.)
If you don't have a record keeping system set up yet, take a look at this resource: