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Our general bookkeeping system works well for horsemen because it's profitable and simple. Simply keep a mailer handy in the house, barn, or truck and place paperwork in it as it is generated: feed slips, gas reciepts, hotel checkout paperwork, entry closeouts, etc. When the envelope is getting full, seal it up and stick in the mailbox.
We take it from there, entering all you information into QuickBooks, organizing and filing your paperwork and sending it back to you with a backup disk. Or, join the many who are signing up for QuickBooks Online™ and have access to your company's financial data 24/7 through the internet.
Having your income and expenses tracked all year not only makes your job easy at the end of the year for taxes, it also allows you to get an accurate and picture as you go of how your business is doing, and what areas are profitable. A monthly Profit and Loss Sheet is provided for your convience.
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