How Do You Organize Payment Records For A Home Office?
As any entrepreneur knows, the lifeblood of any business is not just the money that pours in, but the kind of name your work makes. Honor is an unacknowledged business license. A tarnished name will guarantee a company’s fall faster than the lack of money will do. To keep a good name, one has to meet expectations in terms of work. Another important aspect of this is the capability to honor commitments. Keeping payment records efficiently can help a business handle commitments like payments. This simple guide will help you organize payments for your home business: • Just like in the books, have folders for Expenses and Accounts Receivable. In your Expenses folder, keep the receipts of any cost you paid from company funds. The Accounts Receivable on the other hand will compile your copies of the receipts you provided for your customers. This will make it easy for your accountant. What makes it easy for your accountant makes it also faster for him to go home. This will in turn save you mo
