What does your chart of Accounts look like? Is it ready for taxes?

The chart of accounts is one of the most important aspects of the business and should be reviewed regularly. It is super important to use clear names and descriptions. It is also important to keep in mind how your tax account would like the accounts setup so you don't waste their time and your money!

Here is a video about Chart of Accounts:

Taxes:

Mileage:

Mileage tracking is so important and is a huge tax deduction but isn't listed directly on the chart of accounts!