ledger-and-light

A collection of 63 posts

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Expense Categories for Online Business Owners (Etsy, Shopify & Digital Sellers)

The 14 expense categories Etsy sellers, Shopify owners, and digital sellers need on Schedule C — what each covers, which line it maps to, what to avoid

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Your Contractor Expense Categories — What Goes Where

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Your Freelancer Expense Categories — What Goes Where

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How Receipt Photo Upload Works in Your Expense Form

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Best Expense Categories for Contractors (Plumbers, Electricians & HVAC)

The 14 expense categories built for contractors — what each covers, which Schedule C line it maps to, and how to avoid missing deductions at tax time

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Best Expense Categories for Freelancers (Photographers, Designers & Creatives)

The 13 expense categories built for freelance creative work — what each one covers, which Schedule C lines they map to, and why they matter at tax time

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The Ledger & Light Method — Expense & Mileage

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You Bought It Mid-Year. Here's How to Catch Up.

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Your First Mileage Entry

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Your Expense & Mileage Ledger Explained

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Why You Keep Forgetting to Log Miles (And What Actually Works)

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What to Do When an Expense Doesn't Fit a Category — and What Happens If You Get It Wrong

Expense categories don't need to be perfect. Here's how to handle purchases that don't fit neatly, and why a wrong category is rarely a real problem.

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You Bought It in March. Here's How to Recover the Miles From Before.

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Why You've Been Logging

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What Your Miles Are Actually Worth

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Your Monthly Mileage Review. Five Minutes.

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Greasing the wheels on your Mileage Ledger

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Which Miles Actually Count?

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Your Mileage Ledger is Ready

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Why Tracking by Project Changes How You Bid

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Three Expense Ledger Settings Worth a Second Look

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The 17 Schedule C Expense Categories — Which Ones Apply to Your Business

Schedule C lists business expense categories for self-employed filers. What each one covers, which apply to most freelancers, and which are rarely used

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How to Do a Monthly Business Expense Review (And Why It Gets Easier Every Month)

Monthly expense review in five minutes. Compare this month to last on the Dashboard, spot what's off in the budget vs. actual table, and update targets

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What to Write in the Business Purpose Field of Your Mileage Log

The IRS requires a business purpose for every mileage log entry. Here's what passes an audit, what gets disallowed, and how to write it in seconds

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Standard Mileage Rate vs Actual Expense Method: Which Saves You More

Two IRS methods let you deduct vehicle costs. Here's when standard mileage rate wins over actual expense method, and why you need both logs from day one