What Happens If I Don't Track My Income and Expenses in Accounting Software?

While it is crucial to keep track of your income and expenses, we acknowledge that certain transactions might not warrant the use of elaborate accounting software. In such instances, a straightforward Excel sheet can serve your needs when managing your engagements.

During the onboarding process, we kindly inquire whether your income and expenses are not currently being tracked via accounting software or any other electronic methods. This valuable information enables our Pro to anticipate and prepare for the additional bookkeeping tasks necessary to ensure the accurate filing of your business return.

If you are seeking annual bookkeeping services, Taxfyle offers year-round support to help you stay on top of your finances. Managing your finances can be a hassle without a dedicated bookkeeping team, but with Taxfyle, you can ensure your bookkeeping needs are always met.