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As a business owner do you know there are essential documents your business should have?
"Building a solid foundation for your business includes attention to essential documents".
Here's a quick dive into two key aspects:
Invoices:These not only serve as a record of transactions but also help in tracking payments. Make them clear, detailed, and timely to maintain a healthy cash flow.
Receipts:A receipt is an acknowledgement that payment has been received.An often overlooked gem for tracking expenses. Whether it's a business lunch or office supplies, keeping receipts organized ensures accurate financial records and makes tax time a breeze. I recommend that receipts be kept on both sides, keep receipts acknowledging your client payment and also receipts for the goods and services you purchase for your business.
Remember, a well-documented business is a well-managed business!
Best Regards