excel spreadsheet for mlm business free download

Your expenses are supposed to be categorized in the various buckets like the Income & Expense Tracker has. If you can download a report that has the income for the whole year in it you could just use that and enter the total in the Income & Expense Tracker. You don’t need to record every transaction. Essentially any money you received related to your business is income.Ģ. Income would also include any money collected from in-person sales, events, etc. You should have received a 1099-NEC for any commission you received from your parent company. W2 income wouldn’t be reported for your business as that is for employee wages. You need to report your income for the whole year so if you have it for the whole year or another interval that is fine. You do not need to go back and do it weekly. Just know, I’m not a tax professional so I always recommend reaching out to a CPA or other tax professional to get help on your specific situation.ġ. Hey Cassie – Below are my thoughts on these. Will I need to have printed receipts of everything or just give my tax accountant a print out of the excel sheet? When I enter my cell phone and internet expense, do I list a percentage or the actual amount as the expense $ and let my tax account know how much was used for business vs personal?ĥ. which category do I need to log the purchase of the books?Ĥ. When I purchased my own books I use for showing in my parties, or having on hand for customers who wanted to stop by and browse in person, or give away as prizes to winners of drawings in VIP etc. Or what would be the best/easiest way to enter this information.ģ. $100.00 includes shipping charges, tax, books etc.

Once payment was received, I then paid $100.00 with MY credit card to Usborne to close party. Since I am able to apply the promotion I offered to my host for their party or “FREE BOOKS” of say $15.00, the HOST A total due was $85.00 which they then paid me via PayPal. Because I did it this way for most of my hosts, do I have to record every time I did this by entering the payment using my credit card, then the payment to me by customer for the amount they paid? For example, I closed HOST party and total amount due to close party was $100.00.

When I would close my hosts parties, I would usually have them pay me via Venmo, PayPal, Facebook messenger to avoid credit card number exchange. Do I need to go back and enter my weekly income (or every time I was paid) or can I just enter my W2 as the income for the year?Ģ. I just have a couple questions on entering information….ġ. I was able to make it open somehow using Googlesheets. Thank you for getting back to me so quickly.

Excel spreadsheet for mlm business free download