SU!: Business Builder Task: Organize Monthly Receipts
15 Minute Business Builder Task
Organize Monthly Receipts
It's the end of the month and a great time to catch up on your record keeping for the month.
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, DBWS shared pool).
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.
Advertising expenses (newspaper ads, mini-catalog mailings, 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 simple Income & Expense spreadsheet shared by Wendy Drodge that allows you to quickly and easily record your expenses each month.
Have a record keeping system that works well for you? Share it with the list to help others!
Taking Time For Business
Time is a manmade concept. It’s a little hard to swallow sometimes, particularly since everything in our lives seems to revolve around it.
Many times you hear excuses that there just isn’t enough time in the day to build your business.
Each day SUDSOL recommends one 15 minute task to work on to help build your business. These are achievable tasks that you absolutely can do.
Take 15 minutes from your lunch break, after dinner, before heading to work, or some other time that works into your schedule – and tackle just one small task to help build your business!