How Long Should a Small Business Keep Financial Records?
There is not one single time period that applies to every type of business financial record.
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What Business Expenses Should I Keep Records For?
Small business owners should keep records that help show what they spent, how much they spent, when they spent it, and what the purchase was for.
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How Should a Small Business Track Expenses?
A small business should track expenses by recording what was purchased, how much it cost, when it was paid, and what the expense was for.
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Should I Keep My Business and Personal Finances Separate?
Yes, keeping your business and personal finances separate generally makes bookkeeping much easier.
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What Should I Do If I Have Personal Expenses in My Business Account?
If you accidentally use your business account to pay for a personal expense, the transaction should still be recorded in your bookkeeping, but it…
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What Is Petty Cash and How Should I Track It?
Petty cash is a small amount of cash a business keeps on hand for minor purchases, such as office snacks, postage, or small supplies.
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How Do I Record a Business Loan in My Bookkeeping?
A business loan is usually recorded as a liability, not as income.
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What Is a General Ledger?
A general ledger is the complete record of every financial transaction in your business, organized by account.
