If your business is ever subject to an audit and you are unable to produce the required documents in.
Business filing system template.
Business filing system template creating your office document system.
Creating an operations manual is an onerous task.
Keep the two types of information separate in your business filing system.
It can be huge.
Payroll and employee information.
The system for saving onto your computer s hard drive or saving to an online storage facility are the same the only thing different is the location.
The prospect of starting organizing or cleaning up an office filing system has the power to make even the bravest among us hide behind a list of other more important to dos you don t have to hide anymore.
Digital online filing system.
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.
However there is so much information available today it makes it a lot easier than it used to be.
File documents relating to these different types of tax into their own tax sections within the business filing system.
Forms used in the business.
A business will have different types of tax to take care of the main ones being payroll tax sales tax and income tax.
Receipts and invoices.
Bank statements cancelled checks bank reconciliations notices from and to your bank deposit slips and any loan related notices and documents.
Filing receipts and invoices properly is one of the most important things a small business needs to do.