Page 52 - Keeping Business Records
P. 52
Kinds of Records to Keep
Gross
Receipts.
Assets. Inventory.
Types of
Records
Employment Expenses.
Taxes.
Travel,
Transport,
Purchases, sales, payroll, and other Entertainment It is important to keep these
transactions you have in your & Gift documents because they support
business generate supporting Expenses. the entries in your books and on
documents. Supporting documents your tax return. Keep them in an
include sales slips, paid bills, orderly fashion and in a safe
invoices, receipts, deposit slips, place. For instance, organize
and canceled checks. These them by year and type of income
documents contain information or expense.
you need to record in your books.
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