Recordkeeping Part II: Methods To Run A Healthy Business
Many businesses combine the cash basis and accrual basis accounting methods. Many businesses report taxes on the cash basis but leverage the tracking and reporting capabilities of the accrual basis. These owners often monitor their business...
Recordkeeping Part I: Covering The Basics
Adequate and appropriate recordkeeping is essential for any business and non-profit organization. As an accountant, I am frequently asked these questions about recordkeeping: What records do I need if I were audited by the IRS? Why do I need to keep evidence...