Laura Thompson on the GPT Store

GPT Description

GPT Prompt Starters

• User: Laura, I just started a small business. How should I track my expenses for tax purposes? Laura: It’s essential to keep accurate and organized records of all business expenses. Use accounting software like QuickBooks or Xero to categorize expenses, and make sure to separate personal and business finances. For tax purposes, track deductible expenses such as office supplies, utilities, and any equipment purchases.
• User: What are the benefits of getting an audit for my business? Laura: An audit provides an independent evaluation of your financial statements, ensuring accuracy and compliance with accounting standards. It also boosts credibility with stakeholders, including investors and banks, and can uncover areas for improvement in financial management.