Small Business Filing System Template

Filing receipts and invoices properly is one of the most important things a small business needs to do.

Small business filing system template.

Part of small business kit for dummies cheat sheet. Payroll and employee information. Remember to include whether or not the file will be on your computer system an in house server in the cloud or filed in a physical location such as a filing cabinet. A business will have different types of tax to take care of the main ones being payroll tax sales tax and income tax.

If your business is ever subject to an audit and you are unable to produce the required documents in. A nonexistent or messy filing system can add days of extra effort at income tax time as you don t want to miss out on tax deductions because of missing receipts. Whether simple or complex a record keeping system must be easy to use and provide adequate storage and. An entry in your file locations list might be.

File documents relating to these different types of tax into their own tax sections within the business filing system. For instance suppose that you use images video or even paper photos in your business. Receipts and invoices. Keep the two types of information separate in your business filing system.

The following table suggests essential file drawers to label in an actual file cabinet or two and what must keep information to file in each. Great filing system template. Record keeping for a small business participant guide money smart for a small business curriculum page 2 of 18 table of contents.