End of year can be a busy season for lots of businesses, but it’s also the perfect time to set yourself up for making sure this coming tax season is much easier.
Here are a few simple, but very effective, things that you can do with your Clover POS before the new year to help you save time in the next fiscal year.
Direct all of your sales, expense, discount, and tax data to your accounting software (like QuickBooks) simply by syncing it with Clover using one of many available accounting apps. That can help reduce inaccuracies and save lots of time come tax season. What’s more, you can find even more apps in the Clover App Market that can sync your inventory, track expenses, mileage, and create invoices to help you make better business decisions.
Make your Clover POS the official record of all your sales by running your 3rd party apps through it. Doing so can make it much easier to get a total and accurate sales number. Running these apps through your POS also helps to keep track of sales tax and can keep you from double paying sales tax. Simply determine the best way to set this up based on your situation and check it off your to-do list for next year.
Set DAVO up on your Clover POS, and you won’t need to manually manage sales tax for in-store sales again–ever. DAVO by Avalara sets your sales tax aside daily. Come tax time, it files and pays your sales tax for you in full and on time. It’s a set-it-and-forget-it solution.
You also get a user-friendly dashboard to access reports at tax time. Use DAVO’s robust reporting tools to track your sales and sales tax data by day, month, and year. Set up is simple and takes a mere five minutes. Plus, the first month is free to try.
Business owners have an overwhelming number of things to keep track of. Thankfully, there are many tools to help streamline and automate the tasks you don’t need (or want) to spend time on. Grabbing a little time now to check a few tasks off your list, can help you take things off your plate in the future. That means more time for more important things–like growing your business.
This information is provided for informational purposes only and should not be construed as legal, financial, or tax advice. Readers should contact their attorneys, financial advisors, or tax professionals to obtain advice with respect to any particular matter.