Tuesday, July 14, 2015

Expense Tracking

Since I started with this whole process, I've been tracking all of my expenses. I haven't stated it in my previous posts but I've listed every little item that was spent. This includes fare, permits, supplies, food.

As much as possible, everything must have a receipt. This would be tagged as an expense when the time comes when I have to file for income tax. Strictly speaking, you can't declare an expense if it doesn't have a receipt. I still don't know what to do with receiptless expense but I'll deal with that when the time comes.

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