How to keep your financial records intact
- Thread starter hastral45
- Start date
Keeping your records on a soft copy and sharing in to some people around you that you trust at work or in your place is a good way you can adopt
keeping it in a soft copy is a very good idea. But do you really think it is a good idea to share it with people around you?.
I am just feeling it can also be a safe way to keep it in case the one with you got lost. When sharing with people, you need to share with only those people that you can trust well
You have raised a clever statement because it's important to involve proper budgeting.
It is important to keep your financial records intact for productivity..
sharing it with people you trust is a very good idea. They can be your close family members.
Keeping your financial records with people is not a bad idea but it has to be with some close people around you that you can trust so well, that can not use it against you
It's very important to keep your financial records intact all the time. .
Exactly, it needs to be people you have some level of trust for to an extent. Of course you don't just share it with any random person.
- Thread starter
- #55
Yes. Quick book and other accounting ledgers are there for you to keep your records intact. But the problem here is that you might find those books too complex to understand unless you are versatile or trained personnel. Those books are specially designed for particular accounting entry.
Sometimes sharing your financial records may not be necessary, if you can keep it well so you can use it when it is needed. You can make it a soft copy
- Thread starter
- #57
It is not advisable to be sharing one's business account unless it is a public limited company. Even most accounts revealed by public companies do not actually represent their true account information. Account information needed to be secured and guided.
A versatile person with basic accounting skills can easily use Quick Book. You just need to have a knowledge of software and navigation backed with a knowledge of basic accounting principles to find your way round it .
Probably, but if you're running a business you can publish your financial record every year. There are some businesses that do it and they are still making a lot of profit.
This is for limited liability companies. Thy publish their financial statements every year for the government to use and determine the amount of tax they should pay. It is not proper for a small business to disclose it's financials..
