MONEY DECISION GUIDE

What Financial Records Should a Small Business Keep?

Organize the records that support bookkeeping, financial statements, and a tax-professional handoff.

Keep records that identify income sources and support expenses: invoices, receipts, deposit records, paid bills, and card documentation.

Reconcile business bank and card activity, and keep business records separate from personal records whenever practical.

Track assets, loans, payables, payroll, and contractor records so year-end balances can be reviewed instead of reconstructed.

IRS Publication 583 says records should clearly show income and expenses and remain available as long as tax rules may require them.

Business Pro can organize a bookkeeping summary and year-end package. It is not a filed return, audit, or assurance engagement.

Educational planning only—not individualized financial, tax, investment, or legal advice. You review the plan and move your own money.