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SIMPLE BOOK KEEPING RECORDS This document was produced by Diane West www.dijest.net for GAVE, funded by the Royal Borough of Greenwich. No responsibility is taken for the accuracy and content of the
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What is simple bookkeeping records?
Simple bookkeeping records are basic financial records that include transactions such as income, expenses, assets, and liabilities.
Who is required to file simple bookkeeping records?
Small businesses, self-employed individuals, and freelancers are typically required to file simple bookkeeping records.
How to fill out simple bookkeeping records?
To fill out simple bookkeeping records, you can use spreadsheets, accounting software, or hire a bookkeeper to help organize and track financial transactions.
What is the purpose of simple bookkeeping records?
The purpose of simple bookkeeping records is to track and monitor the financial health of a business, ensure accurate reporting for tax purposes, and make informed financial decisions.
What information must be reported on simple bookkeeping records?
Information such as income, expenses, receipts, invoices, and bank statements must be reported on simple bookkeeping records.
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