Hi Donna, this is Kelly from Studio Create and I was wondering how can a business keep up with their receipts and record their receipts so that they can get that information to you? With you being located in a different part of the country.
Keeping up with receipts has always been a challenge. Too much paperwork and too many places for it to go. But using a little bit of today’s technology, we can make things a lot easier than they have been in the past. So when sharing information with your accountant, we utilize a couple of apps to make this better. The process of snapping a picture of a receipt and then you can get rid of the receipt makes life a whole lot easier. There’s no more filing, there’s no more blank pieces of paper. If you look at a thermal receipt, about a year later, it starts to disappear. And if you look at it by the time the IRS would request it or a sales tax authority would request it, usually that piece of paper is blank. So we want to make sure that you have good record keeping in your hands. So we utilize an app that allow you to snap pictures of your receipts that will also allow us to tag it right with the transaction and also be a little more efficient in our coding because we can see exactly what you purchased.
Donna Bordeaux, CPA with PYOPAccounting.com.
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna Bordeaux and PYOP Accounting.com. Donna and her husband, Chad, who is also a CPA, have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help PYOP studios earn 4 times more profit than the average PYOP and are passionate about helping industries that help families build great memories.
