Wednesday, April 29, 2020

Are the days getting shorter? It seems like there is never enough time in the day to get everything done that I’d like to. Today was a mixture of accounting and cards – and I made better progress on the cards than on the accounting.

Although Pat has wound down his incorporated business he is operating as a sole proprietor. Sadly, until the accountant told us earlier in the month, I didn’t realize that I was still supposed to be tracking his business income and expenses. It took some time for Pat to sort it all out between a couple of credit cards and a couple of bank accounts but a few days ago he was able to pass me everything I needed.

I got started last evening with a plan I thought would work. It didn’t so I started this morning with a new plan and it worked with the exception that I started the business in September 2020 rather than September 2019, forgetting that taxes are always a year behind. I managed to get a business up and running that I was able to make entries into. I think (fingers crossed) that it will be smooth sailing from now on.

Thank goodness the deadline has been extended.