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how do you keep track of earnings
 

How do you guys keep track of your earnings?

Gross, net, tax etc..

If anyone can help me out let me know - Amazon orders

I use an Abbacus,,,,,,,What Kind of Question is This?

The best way is use quickbooks and take it to a tax lawyer or tax specialist to get it set up for your selling ways. Otherwise you will have to mess with all kinds of screens and BS that doesnt apply to you. If you want it as simple as can be, talk to a tax expert. wont even be $100 for the help.


This kinda falls under the category of you need a business plan in place. Instead of just selling and raking in money then dealing with this later. what have you been doing all along??? let me guess..............

exactly what you said... selling, raking in all this cash and now im here...

Yeah, Just call a tax expert locally. They need work right now anyway. It probably wont cost what I said but never know. They will set you up with software or show you how to use the quickbooks to your advantage.

Quickbooks is pretty easy but its set up fo everyone and not just you. They can customize it to your specs so to speak and make it very simple for you.

once i reach 60k a month point, i started keeping records. and now with money i am bringing in a month it is crucial to know exactly what you are doing, what is selling hot, how much each item is, etc. it is a business and you need to treat it like a real business.

@Slapped, spelling - abacus =(

I mostly just have accounts with real info and stealth address info..

I'm not sure what people do with full stealth info and paying taxes? If the IRS audited and saw all the accounts in different names, that seems like that could cause more problems than not paying taxes on the accounts could.

Dont try to contribute with "ideas". You dont file your taxes under stealth names. You provide them your EIN or SSN for some people which had your full legal info. They see NO stealth information. This also clears up the question of do you pay your taxes.

its more having 300k a year going through your bank account... now how does that look if you dont file any type of taxes?

if you have to brag about what you "make", odds are not looking good for ya. on the other hand it is only a matter of time for taxes

It looks very sweet if you do your homework first and have a good exit strategy. Think stealth

:pop2:

are you serious? through just one account? or funnelled in to one account?

exactly, this guy has no idea what he is doing or talking about

25K a month for 12 months. I didnt even include the multiplier xmas time... Dead serious yes 1 account with BOA... Amazon account is a year old now...

I use a little black book and a calculator to keep track of mine. I don't earn much so it doesn't take long

:pop2:

Do you pay sales tax to the state?

I do as I have a reseller certificate to buy wholesale.

Are you Corp, LLC or sole proprietorship?

What taxes do you file?

I usually use excell

sole proprietorship this will be my first year filing actually...

That's a lot of green
 

WOW...I've got to get more serious about these Stealth accounts, from the figures some people quote on here!!!!!!:hail:

=}