WHY KEEP GOOD BUSINESS RECORDS/BOOK KEEPING?

Bad record keeping can be a serious pitfall for small business owners. You can avoid headaches when you are filing your tax return by keeping track of your receipts and other records throughout the year.

Everyone in business must keep good records. Good business records will help you do the following:

📈 Monitor the progress of your business 📈 Project your tax liability 📈 Prepare your financial statements 📈 Identify source of receipts 📈 Keep track of deductible expenses 📈 Prepare your tax returns 📈 Support items reported on tax returns

There are great videos here on mesh on how to go about. Here is a link; https://mesh.life/app/learn...