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For me, my money is mostly automated through taking payments via ACH and Credit Cards, that are deposited directly into my business checking... well, except one
by jermaustin1 8y ago
For me, my money is mostly automated through taking payments via ACH and Credit Cards, that are deposited directly into my business checking... well, except one client that insists on sending me a check every time, but even this is roughly automated (a check scanner on my desk at home).
I've used Quick Books Online and Gusto for years, now, and I don't really have to think about it.
I am an S-Corp, so I have to pay myself a W2 with a reasonable salary. So I deposit all of the business income at once into my business checking account, and Gusto (for a pretty hefty fee) direct deposits my paycheck weekly into my personal accounts.
QBO only takes a few minutes each week (or month if I'm lazy) to go in an categorize expenses and income, then at the end of every "tax quarter", I look at my profit for previous period, and cut a check for 20%.
Then at the end of the year, my CPA goes over everything and does all of the year end stuff that I don't understand, and moves registers around and categorizes stuff that I did wrong throughout the year.