One thing I can tell you about small business Job Function Email List record keeping is this - if you don't organize your records from the start, and stay on top of your record Job Function Email List keeping chores daily, I can almost guarantee that you will come to grief - probably sooner than later. I'd like to leave you with eight tips CRITICAL to business Job Function Email List record keeping success and sanity: Never mix business and personal paperwork. For instance, by using one checkbook or credit card for business and personal use. Make sure your records can be Job Function Email List understood by anyone, not just yourself.
I strongly suggest you use one of Job Function Email List the widely accepted automated software record keeping systems. My personal recommendation is QuickBooks Pro. Always Job Function Email List use the memo section of your Job Function Email List checks to record the specifics of the expense. Record transactions as they occur, or at least on a daily basis. Reconcile bank Job Function Email List statements the day you receive them. Retain all bank statements. Get help before things get out of control. Your Accountant, or Business Counselor should be able to help, or at least point you in the Job Function Email List right direction when help is needed.
Develop and maintain a good back up system. If you are using computer software back up daily onto disk or jump drive (my preference) and store the disk or Job Function Email List drive in a fire resistant cabinet or other safe place. All permanent records of the business like licenses, contracts, organization filing papers, etc. which are paper documents, should be Job Function Email List copied or scanned electronically, and stored the same way. Unless you have a tax accounting background, plan to have your taxes prepared by an Accountant (at least the first year).