TAX TIME !!

[LostDollar]

That's exactly what it is for, as most real agents are on cash basis would already know.

Sorry, but seeing that bank records exceed 1099s (by payer) it is NOT necessarily good advice. An agent using 1099s to record income is really working on an accrual basis.

The bookkeeping word of the day for you, in regard to bank records and 1099s, is reconciliation.

 

[Yagents]

LD, Read my post again. I said use bank income on cash basis, and it should match or exceed 1099s totals. Takes into account those bank deposits under $600 a year.