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Record Keeping for  Form

Record Keeping for Form

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keeping accurate financial records is an important part of owning and operating a business well-organized records can help you to monitor your business's health meet your tax and superannuation obligations manage cash flow plan for success and provide a snapshot to lenders and investors of your business's performance and potential for growth whatever small business you own you must keep records of all transactions related to your businesses tax and superannuation in fact it's the law and you may need to show the ato your records if they ask for them you could be penalized if you don't tidy categorized and easily accessible financial documents will save you time and help you plan manage and protect your business against risk but how should you keep these records [Music] as the world becomes more digital many small businesses are turning to electronic record keeping and accounting software [Music] electronic records make some tasks such as tax reporting easier and saves you time once you

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