Small Business Filing System Template

The following table suggests essential file drawers to label in an actual file cabinet or two and what must keep information to file in each.

Small business filing system template.

A nonexistent or messy filing system can add days of extra effort at income tax time as you don t want to miss out on tax deductions because of missing receipts. Keep the two types of information separate in your business filing system. Whether simple or complex a record keeping system must be easy to use and provide adequate storage and. If your business is ever subject to an audit and you are unable to produce the required documents in.

Filing receipts and invoices properly is one of the most important things a small business needs to do. For instance suppose that you use images video or even paper photos in your business. Remember to include whether or not the file will be on your computer system an in house server in the cloud or filed in a physical location such as a filing cabinet. Part of small business kit for dummies cheat sheet.

Record keeping for a small business participant guide money smart for a small business curriculum page 2 of 18 table of contents. Receipts and invoices. Organizing paperwork household organization paper organization organising organizing ideas filing cabinet organization scrapbook organization office filing system planners. File documents relating to these different types of tax into their own tax sections within the business filing system.

Record keeping ranges from simple manila folder filing systems to complex on line electronic systems. A business will have different types of tax to take care of the main ones being payroll tax sales tax and income tax. Payroll and employee information.