CHAPTER 20
How to keep
financial
records
Y
ou must keep records. It’s the law. Whether you use a
simple spreadsheet or slick software, you must record the
money that flows in and out of your business. If you’re
trading as a limited company then you must produce a set of
accounts each year – although you’ll probably get an accountant
to do this for you.
Spreadsheets
If you operate as a sole trader, a simple spreadsheet may be all
you ...
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