Business owner wake up & wise up
Hard copy documentation, partnered with your computer software is the only way to protect yourself.
Business owners wake-up….no hard copy of expenses will not get you through an audit. Why would you put yourself in that postion! You have the hard copy in your hand, don’t throw it away…file it.
Your computer screen may show you paid an expense, for say 5060.00, but you must have a hard copy of that invoice…no copy……no expense.
Also, what if your computer crashes, your back-up is distorted and you end up with nothing. It happens time and time again. If you had a hard copies , like a trial balance, you would be up and running in two to three hours. If not you have to start from scratch and that could take days, weeks or even months to get back to square one.
I truly do not understand why anyone would put themselves through all that stress.
Your hard copy is like insurance and it cost just a little of your time to file your hard copy. If you dicipline yourself to file immediately it is done before you know it. You have peace of mind knowing that you can place you hands on that document in seconds. Or even better your accountant or auditor can locate that document.
Since computers people have become lazy and complacent, they have all their important information in their computers and feel that all is fine. Wake up, back-up your business information with a hard copy. Take it from a professional that has been there …done that…and learned to be smarter. Empower yourself with confidence needed to run your business knowing that you can find whatever document you need whenever you need it.
Being wise it good thing.