Top 5 tips for good book-keeping in a small business
If you run your own business it’s essential that you keep accurate financial records regardless of the size. Efficient book-keeping practices are essential to keep any business running smoothly. It is important that any new business sets up a system as soon as possible so to be able to keep records of expenses, income and taxes from the beginning.
- when you are about to become self-employed, appoint an accountant and discuss the most suitable accounting system for your business needs
- keep all records up to date
- accuracy is essential
- good filing system
- keep personal and business transactions totally separate
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