Record Keeping non

As soon as you decide to go into business, it is important for you to start keeping your records. This is because it’s much harder to work backwards at a later date. Although there are legal reasons for keeping accurate records, there are also good business reasons to do so.

Keeping accurate, complete records

Your business records should cover:

  • banking - cheque books, deposit books, bank statements

  • your income - invoices, credit card sales, debit and credit notes

  • your expenses - invoices for purchases, credit card purchases

  • cashbooks, petty cashbooks and wage books.

Please refer to Record Keeping for further details