With business bookkeeping and basic tax tips for new and old entrepenuers

Friday, March 6, 2009

What information should I gather to start my books?

This is the list I give to new clients to bring to me to get started on their books.

DBA or Incorporation papers

Bank statements

Credit Card Statements used for business

Receipts for Expenses

Sales figures

Loan documents for any business loans

Contracts on cars purchased

Information on vehicles used in the business

List of Assets Purchased for the Business

Contracts entered into, such as bids for jobs won

Information on employees

Tax return for prior year

I will discuss what these are in more detail.

Next: DBA or Incorporation papers

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