I have a successful e-commerce retail site which has blossomed from 15k its opening year, to anticipated sales approaching 100k this year. Its becoming a accounting nightmare, the days are long, emails are numerous, & phone bills above average.I also have a fulltime job, which insures family finances are stable.
My dream is to initiate the business for my children to have as they approach a responsible age, as well as financial dependance when I decide to quit the 40 hr work week.
My problem is disciplining myself in regards to accounting. I find myself wadding receipts in my pockets after office supplies are bought, not printing online purchase receipts, just all around terrible accounting and bookeeping skills! Come tax time, im going to be in a world of hurt if i dont get things turned around.
My only accounting records are with Quicken Invoices for customer purchases. It includes products purchased, sales tax, and shipping fees, as well as dates and payment methods, receipt/transaction ID's. What do i do for storage fees, vehicle use, office supplies, postage, etc. How do you just keep track of everything, and get the packages out in a timely manner???