Books and Records

It is advisable that a person in business should try to keep the following books and records.

1.Daily Cash Book showing cash received and cash paid out

2.Cheques Journal showing cheques paid out

3.Bank Statements (Make sure you keep all bank statements in numerical order)

4.Purchases Book (Shows a record of all invoices received for items you purchase)

5.Invoices File (This should back up the purchases book)