🛑 Stop treating Venmo & CashApp like secret wallets
If your business takes payments via Venmo, PayPal, CashApp, or Zelle, and you're just logging the lump-sum transfers to your bank account... you are a giant IRS audit magnet.
The IRS is heavily tracking these platforms now.
If you aren't natively tracking these channels at the transaction level, you're either missing out on major deductions or underreporting income.
Always seeks the advice of a bookkeeping or tax pro, whichever is most appropriate, for your specific business situation.