Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Just starting your lawn care or landscaping business? > Starting a lawn care business.

Starting a lawn care business. How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.

Do you save every receipt?


Starting a lawn care business.

How to start a lawn mowing business, lawn care business, or landscaping business. If you are starting a lawn care business, ask your questions here.
Reply
 
Thread Tools Search this Thread
  #1  
Old 03-21-2013, 12:13 PM
greenscaper123 greenscaper123 is offline
Member
 
Join Date: Oct 2012
Posts: 72
Rep Power: 4
greenscaper123 is on a distinguished road
Default Do you save every receipt?

Last year was my first year in business and I mainly only saved the big receipts (ie. truck, trailer, equip etc.) Things like gas receipts, envelopes, business cards I just had my accountant refer to my bank statements.

Do you literally need to save every receipt or are bank statements enough to show your expenses in case of an audit?
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #2  
Old 03-21-2013, 03:05 PM
willshome willshome is offline
new member
 
Join Date: Jan 2012
Location: Mass
Posts: 865
Rep Power: 0
willshome is on a distinguished road
Default

Lawn care business tipsLawn Care Business Book
Better save than sorry. Get a box and throw them in.
Reply With Quote
  #3  
Old 03-21-2013, 03:35 PM
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 75
Posts: 4,473
Rep Power: 0
CHEESE2009 is on a distinguished road
Default

I'll go through stages... I'll be hardcore and save every receipt.. then I get sick of it and start throwing them out.

I suppose anything over $20 is worth saving, it adds up. The smaller crap is just clutter to me.

However, all gas receipts (even $1) are saved. It's good to keep just in case you want to go over how much you spent on a certain thing later on.
Reply With Quote
  #4  
Old 03-21-2013, 03:54 PM
SECTLANDSCAPING SECTLANDSCAPING is offline
new member
 
Join Date: Jul 2009
Location: CT
Posts: 1,912
Rep Power: 0
SECTLANDSCAPING is on a distinguished road
Default

I have so many receipts that I probably have yours.
Reply With Quote
  #5  
Old 03-21-2013, 06:37 PM
willshome willshome is offline
new member
 
Join Date: Jan 2012
Location: Mass
Posts: 865
Rep Power: 0
willshome is on a distinguished road
Default

Quote:
Originally Posted by CHEESE2009 View Post
The smaller crap is just clutter to me.
Cheese you need a box
Reply With Quote
  #6  
Old 03-21-2013, 09:11 PM
Sprinkler Buddy's Avatar
Sprinkler Buddy Sprinkler Buddy is offline
Senior Member
 
Join Date: May 2011
Location: Florida
Posts: 803
Rep Power: 6
Sprinkler Buddy is on a distinguished road
Default

Quote:
Originally Posted by SECTLANDSCAPING View Post
I have so many receipts that I probably have yours.
lol Me too! I get audited by my wife frequently. It better add up! lol
__________________
Don't Keep Replacing Lawn Sprinkler Heads
Protect them with "Sprinkler Buddy"
CLICK HERE > http://www.sprinklerbuddy.com
Reply With Quote
  #7  
Old 03-21-2013, 10:35 PM
MBLC MBLC is offline
Member
 
Join Date: Mar 2013
Location: Chicago
Posts: 55
Rep Power: 4
MBLC is on a distinguished road
Default

In the words of my accountant "save every receipt". Why? because if you get audited and they want to make it hurt, not having a receipt means they may have the option to not "count" that as a legitimate business transaction and you lose it, and lose money. That's my dumbed down scary version because I'm obviously not an accountant
Reply With Quote
  #8  
Old 03-22-2013, 12:07 AM
ratchetmaster2 ratchetmaster2 is offline
Senior Member
 
Join Date: Mar 2012
Posts: 185
Rep Power: 5
ratchetmaster2 is on a distinguished road
Default

It might be a hassle to save every single receipt at first, but it will become a habit after not long at all. Besides, saving all your receipts will improve your organizational skills overall. Not to mention your awareness of spending
Reply With Quote
  #9  
Old 03-22-2013, 06:38 AM
CHEESE2009 CHEESE2009 is offline
Dr. Scott - Ruler of the Underworld
 
Join Date: Mar 2009
Location: Switzerland, Grindelwald
Age: 75
Posts: 4,473
Rep Power: 0
CHEESE2009 is on a distinguished road
Default

If you're a sole-proprietorship or paying with a personal source of income ~~ it shouldn't be an issue in those 2 cases, just don't spend collected tax money.

I file all my receipts in an envelope, and they are placed in a folder for each month. bla bla bla. Over the winter I do get lazy and end up with 10 inches of receipts in my wallet I have to file, it can be a nightmare, kind of exhausting to go through.
Reply With Quote
  #10  
Old 03-22-2013, 06:41 AM
stevef1201 stevef1201 is offline
Senior Member
 
Join Date: Apr 2010
Location: Central Florida
Posts: 1,236
Rep Power: 8
stevef1201 is on a distinguished road
Default

I get a box every year you know the ones that paper comes in. I put every receipt for everything including personal expenses in there. I keep tracl of every penny with quickbooks, I feel that if I get and IRS audit, they can have fun going through tha box. It is completely filled by the end of the year.
Besides wich there are legit business expenses outthere that you can accidentally get if you get audited, all you have to have is the receipt. That happened to my neighbor two years ago, got an extra 1K back
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Customized Receipt book Fresh Cut Lawn Care Marketing & Post your marketing material for review! 24 01-31-2010 01:21 AM
Business Tax Receipt vs. License? ba143 General Business Discussions 11 07-26-2008 09:42 AM
Bar Code On Payment Return Receipt Apex Lawn 2003 Gopher Software Support Archived Question & Answers - Read Only 2 02-08-2006 12:14 PM

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
Is it too late?
Cpadgett
05-28-2016 09:10 AM
Today 05:44 PM
by SGL1
10 504
Business Overload
Chilehead
05-06-2016 09:27 PM
Today 03:41 PM
by SGL1
20 816
Spot checked by...
Just for Cuts
06-28-2016 02:34 PM
Yesterday 05:14 PM
by Steve
2 52
Chemical Applications
acrajchel
06-24-2016 06:44 PM
Yesterday 05:11 PM
by Steve
3 92
3 Applications or 5...
stansg1fresh
02-18-2013 12:02 PM
Yesterday 05:05 PM
by Steve
5 1,438
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
06-28-2016 08:11 PM
by mowandblow1980
21 888
Great Arborist Ladder
SGL1
06-04-2016 09:56 AM
06-28-2016 08:04 PM
by mowandblow1980
11 425
Newbie
Jhoell
06-25-2016 03:28 AM
06-28-2016 02:11 PM
by Chilehead
2 78
Say Hello !!!
Steve
03-19-2007 11:18 AM
06-28-2016 11:02 AM
by Brownieboy
1,253 438,344
Hello Everyone
JohnsLawnCare
06-22-2016 11:14 AM
06-28-2016 08:36 AM
by Steve
13 263
Firefighter gone Lawn...
Firehouselawn@hotmail.com
03-10-2016 04:50 PM
06-24-2016 07:26 PM
by acrajchel
9 10,128
Exmark Turf Tracer
acrajchel
02-01-2014 11:34 AM
06-24-2016 07:23 PM
by acrajchel
5 2,155
Rubber mulch...
avetslawncare
06-24-2015 09:28 PM
06-24-2016 06:59 PM
by acrajchel
7 3,057
Ybravo 25 mowers
SGL1
06-11-2016 09:52 AM
06-21-2016 03:44 PM
by acrajchel
5 309
Help a Brother Out -...
Hedgemaster
01-23-2012 04:19 PM
06-17-2016 08:28 AM
by SGL1
94 34,515
anyone interested in a...
GoGreenerKS
06-16-2016 01:00 PM
06-17-2016 02:58 AM
by SC93
4 184
Prolin
rmccutchan
05-21-2016 04:53 PM
06-16-2016 05:28 PM
by acrajchel
3 338
Laying new grass, Sod...
WarriorLandscapingCAN
05-23-2016 10:07 AM
06-16-2016 05:27 PM
by acrajchel
2 330
Upgraded to a new mower
Stevenor92
05-17-2016 08:17 PM
06-16-2016 05:22 PM
by acrajchel
9 560
How can I fix my...
WarriorLandscapingCAN
06-10-2016 07:47 PM
06-16-2016 05:19 PM
by acrajchel
2 244
Need a lil help
Cpadgett
06-05-2016 09:51 AM
06-16-2016 05:17 PM
by acrajchel
5 378
help with sole...
greenbuds
03-24-2016 12:21 PM
06-16-2016 05:01 PM
by acrajchel
4 9,782
New Member from...
tiptoppmanager
06-15-2016 07:39 AM
06-15-2016 03:18 PM
by SC93
2 180
Brand new fish pond
Flynn landscaping 2016
06-12-2016 09:53 AM
06-13-2016 11:21 AM
by Steve
1 159
Whats up??
Cpadgett
05-27-2016 10:57 AM
06-06-2016 08:46 PM
by Cpadgett
11 527
New Member from Texas
NathanR
06-02-2016 06:13 PM
06-03-2016 09:17 PM
by SC93
7 340
Edging Fad...
Tree geek
05-10-2016 11:29 PM
06-03-2016 07:02 PM
by SGL1
3 516
To mow weekly or Biweekly
WarriorLandscapingCAN
05-11-2016 04:09 PM
06-03-2016 06:42 PM
by SGL1
11 802
Your Time Lawn Care
yourtimelawncare
05-31-2016 01:12 PM
06-02-2016 10:11 PM
by SC93
2 295
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 08:46 PM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 08:46 PM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy