Business records

You are required by law to keep records of all your transactions to support your income and expense.

Keep a daily record of your income and expenses. We do not issue record books or suggest any type of book or set of books. There are many record books and bookkeeping systems available. For example, you can use a book that has columns and separate pages for income and expenses.

Keep separate records for each business you run. If you want to keep computerized records, make sure they are clear and easy to read.

Note

Do not send your records with your income tax return. However, keep them in case we ask to see them later.

Topics

Forms and publications

Multimedia

Date modified: