Page 53 - Keeping Business Records
P. 53

Gross Receipts (1/6)


















                                          Gross
                                        Receipts.



                          Assets.                      Inventory.
                                                                                                Gross Receipts


                                                                                           Gross receipts are the income you
                                        Types of                                           receive from your business. You
                                        Records                                            should keep supporting
                       Employment                      Expenses.
                          Taxes.                                                           documents that show the
                                                                                           amounts and sources of your
                                         Travel,
                                        Transport,                                         gross receipts. Documents that
                                      Entertainment                                        show gross receipts include the
                                          & Gift
                                       Expenses.                                           following.
                                                                                           1. Cash register tapes. 2. Bank
                                                                                           deposit slips. 3. Receipt books.
                                                                                           4. Invoices. 5. Credit card charge
                                                                                           slips. 6. Forms 1099-MISC.





     https://lentcpa.com                                                                                                             51
   48   49   50   51   52   53   54   55   56   57   58