Checklist_Key Record Keeping by mauaviles

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                                                                     CHECKLIST
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                                                         KEY RECORD KEEPING                                                                                          r
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Good record keeping is essential to efficient business operations. It is also critical for all legal related                                                         t
issues. Setting up a record keeping system is not exciting and doing paperwork can be time consuming.
But creating and maintaining a well-organized system is easier than fixing a poor one.
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Here are some ways to organize important business records. Combine one or more of these categories                                                                   i
or break them down, depending on the nature and complexity of your business.                                                                                         z
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     Accounting and Bookkeeping Records
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      Sales and expense information, inventory, ledgers, income statements, balance sheets, cash flow                                                                e
      statements, and other financial statements should all be Archive yearly.
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     Bank Records                                                                                                                                                   c
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      Bank statements, cancelled checks, bank reconciliations, notices from and to your bank, deposit slips
      and any loan related notices and documents. Archive yearly.
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     Contractual Agreements                                                                                                                                         1
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      Contracts, real estate leases, equipment leases, purchase agreements, sales agreements, joint                                                                  .
      venture agreements, work for hire ag
								
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