Create a Business Recordkeeping and Accounting System

The first step in creating a business record keeping system is to find business accounting software. There are several sources for software are online and purchased.

• Online Software
  If you are in a small service business with few employees, you may want to use online software.
  
  
• Packaged Accounting Software
  If your business is large and you sell many products, you will probably want to use packaged business accounting software.
  
  
• Specialized Industry Software

• Find Business Accounting Software
• Decide Who Will Do Your Business Bookkeeping
• Create a Chart of Accounts
• Capture All Accounting Information
• Check Information for Accuracy and Completeness
• Record Financial Information in Your Accounting Software
• Review Your Financial Reports Regularly
• Act on Your Review of Financial Reports
• Meet with Your Tax Professional Regularly
• Run Tax Reports and Pay Business Income Taxes