HMRC and Business Link confirm that no matter what the size or type of business, the record keeping should include:
- all receipts and expenditure
- all goods purchased or sold
There are no rules about the format you must use to record your figures – those kept on paper are just as valid as those stored on computer.
A&Z can provide guidance and support in setting up and maintaining an accurate bookkeeping system which works for your business.
If you would like further details, please contact Carole on 01623 402086.