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The ultimate DIY tool for realtors, solopreneuers and new start-ups!
This is for those of you who have a small business with income and expenses to track but you don’t have enough transactions or profit to justify the high costs of bookkeeping software or services just yet.
This is for the folks with a side-hustle or a hobby that has transformed into a revenue stream and now you need to get organized to manage your cash flow and file your taxes.
Have less than 150 transactions per month
Track their income and expenses on a cash-basis
Will file a Schedule C with their 1040
Provide a service OR already have appropriate tracking systems in place for their products
Do not have W2 employees
Need basic tracking of income, expenses, profit/loss, owners draws, & mileage
The DIY Profit Tracker is an ideal tool for solo-preneuers and/or new startup businesses who:
- This could include freelance writers, photographers, coaches, designers, Realtors, consultants, inspectors, the list goes on…
Your own copy of a pre-formatted, customizable Google Sheet
Customizable account categories
Detailed income and expense tracking
At-a-glance profit tracking
Running monthly, quarterly, and YTD Profit & Loss Reports
Mileage log & deduction calculator
Estimated quarterly tax worksheet
GRAPHS!!
How-To Demo Video
Email support from yours truly
- kara
I have never been able to navigate Excel very well but the tool is set up with easy to understand tabs and descriptions. Every single transaction your business may have, whether its uniforms, meals, materials, office supplies, income or mileage, it is easily tracked in monthly tabs. You can even create your own transaction descriptions if there is not one available. You can see profit/loss/deductions for each month. My favorite page is the quarterly report page that helps determine your estimated quarterly taxes and your profit/loss at a quick glance. This was extremely helpful to do a quick check and balance approach and make sure we were on the right track.
If you are looking for a user friendly method to track profit/loss for your business, I highly recommend this!
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BASIC ACCOUNTING SOFTWARE SUBSCRIPTIONS:
Quickbooks Self Employed – $180/year
Xero Early – $132/year
Freshbooks Lite – $180/year
Sage Accounting Start – $120/year
My DIY Profit Tracker is available to you at a fraction of what you would pay for an accounting software.
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*You will need a Google Account to download and access this product.*