Schedule C [Finance] App Description & Overview
Schedule C App is for Small Businesses to accumulate the Income, Cost of Goods Sold (COGS), and Expenses into IRS Categories. The IRS has various categories that they want Income, Cost of Goods Sold, and Expenses Items applied to. Use the screens provided to drill down to the Line Item you wish to add. After you have added data, the App will give you a Detail Reports or Summary Reports. Included also is a module to track Mileage driven for business. You will have all the information needed to do your own Schedule C, enter it into a tax program like TaxAct, H&R Block or Turbo Tax, or give the information to your local tax preparer.
Most business owners are great at managing their business, but are not a fan of doing the Accounting. This App allows the owner to do two things, have an accounting system and prepare for filing his Schedule C. The App collects the Income, Cost of Goods Sold, and Expenses and assigns them to categories provided by the Internal Revenue Service. At the end of the year, the user only needs to run a report, and use the report to directly fill out the Schedule C. See where the business is for any period; how is Income doing compared to Expenses as of March, for instance.
For most of us, doing our taxes is not easy or fun. This App makes it possible for you see calculated all the values you need to fill out your Schedule C. Our easy to use system and Instructions and Help file(s) give you what you need to complete the Schedule.
See our Website www.myfinancialapps.com for more information.