Newsletter: 09/11/18

Record Keeping for Starting Small Businesses

Creating and maintaining thorough business records is essential. These records will help you analyze your business’s profitability, stay out of trouble with tax authorities, maintain positive relationships with clients and vendors, protect your business from lawsuits and win lawsuits if you are harmed. For the most part, you can choose any record keeping system that works for you. However, laws and best practices require/suggest specific methods of record keeping and lengths of time to keep different types of records. Which specific regulations and practices apply to you will depend on your line of business. Certain records are key to all businesses, however, and we’ll discuss a few of the most important ones here.

Client Files
You should have paper files and/or electronic files for every client and every project. It’s important to keep a record of the work you’ve done and the business agreements you’ve made in case you or the other party has a question about it after the fact. Also, sometimes you can use your past assignments and agreements to inform your future ones, saving you time. Client files are also a good place to store notes about a client’s preferences or anything else unique to that client that you want to remember. Set aside some time once a day, once a week or once a month to keep your files organized. The same goes for backing up your electronic files. Continue reading…


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About Taisha Associates

Since its inception, TAISHA ASSOCIATES core services have been built around providing small and medium-sized companies with the timely financial information needed to make informed operational decisions on a daily basis. When you are looking for accounting outsourcing, we can provide you with the solution you need to succeed in today’s competitive environment.

Our team of professionals has about two decades of operational accounting experience and understands the challenges you face on a daily basis. We have used our experience to develop systems designed to streamline accounting processes. From beginning to the end, we will help you process, record, and analyze your data.

Our goal is to offer qualitative, accurate and affordable accounting and bookkeeping , taxation, secretarial and consultancy services that provide good financial analysis/information and guidance for making sound and informed decisions that lead to growth and profitability.


Need Help with any of our Services?

We can help you in your business through our list of services.

  • Accounting
  • Bookkeeping Services
  • Tax Consultancy
  • Business and Financial Management Consultancy
  • Audit & Assurance?
  • Company & Secretarial Services
  • Allied Services
  • Assurance and Confirmations

If you are interested in any of our services click here