BizSugar.com › Taxes › Tax Tips for Small Business: Financial Record Keeping

Organization is an important part of running any type of business. After all, you don’t want to be looking through boxes of papers when you need a particular document. Organization is important for running your business, but it is critical for your financial records. Make sure you’re filing receipts and other financial documents in orderly fashion so you can easily locate them in the event of a tax audit. Plus, organized financial records will help you prepare financial statements more accurately and track the progress of your small business.