I’ll be honest, my husband is much better with details and records than I am. I’m learning though, because it’s a necessity. Whether you’re a pen and paper person, a computer person or an I’ll get to it later person, records are one place you don’t want to fool around with.
What works for one person, may not work for another. If keeping track of records by date or name work best for you great. Maybe you prefer to keep things filed in categories. Either way, you should be able to find the exact record you need, when you need it.
If you’re not able to find records at the snap of fingers, than you need to re look at your record keeping.
You’ll need to keep all documents pertaining to expenses and income. That means hold onto your credit card records, your receipts, your employee records, your invoices and each and every piece of information that shows income as well as expenses. You basically want a finger print of your business in records. You should be able to look back at something and know exactly what it was for, how it was paid, and who paid for it.
Is it time to look at your records? How organized are you?
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