Simple Records Every Small Business Should Keep
A short, simple guide for business owners. Read this page to understand the basic steps. Rules and requirements may change, and your case may need specific advice.
Money Coming In
Keep sales invoices, receipts and customer payment records.
Money Going Out
Keep purchase bills, expense bills and payment proof.
Bank and Cash
Match bank entries and note cash received or paid.
Amounts to Collect and Pay
Keep clear lists of customers who owe money and suppliers you need to pay.
Important Business Papers
Store registration papers, tax returns, employee records where applicable and major agreements safely.
Review Every Month
Take time to compare sales, costs, profit shown in your books and cash available. Correct missing or wrong entries early.
Questions People Ask
Can I keep records in a spreadsheet?
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Can I keep records in a spreadsheet?
A spreadsheet may help for basic tracking, but your business may need other records or software.
Should I keep backup copies?
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Should I keep backup copies?
Yes. Follow a sensible backup and access plan for important records.
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