Keeping Records: Working From Home
Copyright © Rahimah Sultan

http://www.payitforward4profits.com/rahimah

One of the most important things you should be doing when you are working from home is keeping good records. When it comes to your business, you need to know what is working what is not. And, you should have a record of everything that you have done with your business in order to evaluate whether or not your business is successful.

You need know how much money you have made as well as how much product you’ve sold. Then there is the matter of taxes. The government can be very unfriendly if you don’t pay the proper tax, and since there is so much information available from so many sources, there is zero tolerance for people who claim to not understand the rules and regulations. It’s a good idea to consult with a tax preparer or an accountant to be sure you are covered in that regard. Be sure you are keeping very good records of your income and your expenses.

It is important, in general, to keep good records so that you know what is or is not selling in order to make the proper adjustments regarding inventory. With the proper records, you know when to have a sale or give-aways to reduce unwanted inventory. Record keeping is a must for good business management.

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