Keeping records of your business transactions is not only necessary for taxation purposes, but also important in case of disputes or discrepancies. You’ll want to keep a record of each sale in an organized storage space, whether it be a filing cabinet or other physical storage option, or cloud-based storage service. Here are some tips for keeping track of your transactions.

1. Back Up Your Paper Documents

If you’re still printing invoices and receipts, you’ll likely have them stored in a physical location somewhere. This can be a potential hazard to those documents should a fire, flood, or other accident occur and leave them damaged or ruined.

Scanning your transactions and saving them on a physical hard drive or onto a cloud should be something every small business owner considers doing. Having backups can be absolutely essential in the event of an accidental mishap.

It’s best to scan your transaction receipts as they occur, rather than letting them pile up for months before addressing them. It’s safe to assume you’d rather spend your time elsewhere than in a room with thousands of papers that need to be scanned.

Dropbox is a cloud-based storage service that allows you up to 2GB of free storage space. This can be a great start for a small business, and a step toward going paperless. There are premium options as well, once you’ve surpassed the 2GB limit, but this probably won’t happen until your business begins to truly experience a growth spike.

2. Get Some Information From Your Clientele

Another way to track your business transactions is to ask customers for an email address. This serves a twofold purpose: it allows you to keep track of who buys what, thereby tailoring a monthly newsletter or promotional offer to the individual, and allows communication between you and the customer.

If you become familiar with your customer’s transactions, you can predict what they’ll be buying and even gain insight into what products or services they like the most. Good customer insight is essential when creating a marketing campaign or launching new products.

You can also provide customers with post-purchase surveys that inquire about their purchasing habits. You can ask questions like “when is the last time you shopped here?” or “how many purchases have you made with us in the last thirty days?”.

3. Use A POS App

Point of sales applications allow you to track every transaction you make throughout the day, storing information on the monetary value of the transaction and what items were purchased. This information is stored in your account and accessible at any time.

POS apps also track the tax you’ve collected on taxable goods, so you can remain within the parameters of tax laws.

Square POS systems offer a customizable interface, inventory management, and transaction tracking. You can review transactions and sales by date ranges, and keep track of your inventory right from the app.

Best of all, the app works with a tiny card reader that attaches to a phone or tablet, saving you the cost of traditional registers and offering the customers emailed receipt options. You can concentrate your employees on the sales floor rather than being attached to a register.

4. Use An Invoice Generator

If you want professional looking invoices, an invoice generator may be your best option. If you’re unfamiliar with drafting documents or graphic design, many invoice generators offer templates and customizable formats so you can create an invoice that’s custom to your brand.

The free invoice maker from Wave also includes a payment system, so you can send electronic invoices and receive payments directly from the app itself. You’ll receive a notification when the invoice has been paid, and receive your payment within two business days.

Professional invoices make your company look more organized, and providing a simple payment option means you’ll have fewer late or delinquent accounts.

5. Hire Outside Help

Once your business begins to generate a certain level of income, you may not be able to keep track of your transactions the way you want to. When this occurs, it may be time to consider hiring an outside firm to handle your finances.

Financial errors can create losses and taxation mistakes, which can make business operations much more difficult further down the line. Balancing the books isn’t for everyone, and that’s why specific occupations exist that specialize in only that.

When you begin looking for an outside firm or bookkeeper, be sure to make them aware of your expectations and your budget. Accounting can be a costly service, so only take as much help as you truly need to stay on track.

If your company is generating enough income, you can hire your own in-house bookkeeper to service your accounts. That way, the work stays within the company and no outside firm has access to your financials.

Careful Management Prevents Issues

When it comes to your business’ financials, planning ahead is the best practice. Know when you’re approaching your threshold for handling the financial aspect of your company on your own, and have a plan in place before you actually need help right away.

Tax penalties are not conducive to growth, and in fact, can cripple a small business before it gets off the ground. It is vital to make sure that your tax status is filed properly with the IRS, and that you’re aware of regulations such as state and local sales tax, and filing deadlines.


  1. What’s up friends, how is the whole thing, and what
    you wish for to say regarding this paragraph, in my view its
    in fact awesome in favor of me.

  2. I every time used to study article in news papers but
    now as I am a user of web so from now I am using net for posts, thanks
    to web.

  3. Today, I went to the beachfront with my children. I found a
    sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She
    put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear.

    She never wants to go back! LoL I know this is entirely off topic but I
    had to tell someone!

  4. Asking questions are actually fastidious thing if you are
    not understanding something totally, however this piece of writing presents good understanding even.

  5. If some one wants to be updated with most up-to-date technologies then he must be go to see this web page
    and be up to date every day.

  6. Does your site have a contact page? I’m having a tough time locating it but,
    I’d like to send you an e-mail. I’ve got some suggestions for your blog you
    might be interested in hearing. Either way, great website and I look forward to seeing it grow over time.

  7. 503095 999629The post posted was quite informative and valuable. You people are doing a fantastic job. Maintain going. 815534

  8. Hi! This is my first visit to your blog! We are a team of volunteers and starting a new project in a
    community in the same niche. Your blog provided us useful information to work on.
    You have done a extraordinary job!

  9. Terrific work! This is the type of info that should be shared across
    the internet. Shame on the search engines
    for now not positioning this publish upper! Come on over and discuss with
    my web site . Thanks =)

  10. This article gives clear idea in support of the new users of blogging, that in fact how to do blogging.

  11. Great post. I was checking continuously this blog and I’m impressed!
    Extremely helpful info particularly the last part :
    ) I care for such info much. I was seeking this certain info for a
    very long time. Thank you and best of luck.

  12. Greetings! I know this is kind of off topic
    but I was wondering which blog platform are you using for this website?
    I’m getting tired of Wordpress because I’ve had issues with hackers and
    I’m looking at options for another platform. I would be great if you could point me in the direction of
    a good platform.

  13. Selaku Agen joker123, Winsport77 juga menerima pendaftaran akun judi Joker123 atau Joker388 GRATIS.
    Kami juga memberikan kemudahan dalam cara kerja transaksi menggunakan puluhan bank di Indonesia seperti bank BCA, Danamon,
    BRI, NISP, Bank BTN, BNI, Permata, KalTim, Mandiri, CIMB Niaga dan sebagainya.
    Tak cuma itu saja, joker123 bekerja sama dengan Winsport77 juga menyediakan virtual payment seperti SAKUKU, GOPAY, OVO, Payfast dan DANA.
    Kami juga mendapatkan transaksi pulsa XL dan telkomsel.

    Bersama kami Agen Joker388 Terpercaya yang siap membantu anda dalam proses Daftar Joker123 Free.
    Dengan berjenis-jenis Promo Bonus menarik. Tunggu apalagi, buruan bergabung bersama Agen Sah judi tembak ikan online uang absah.

  14. Wow, awesome blog layout! How long have you been blogging for?
    you make blogging look easy. The overall look of your site is wonderful, let alone the

  15. Salah satu ciri web judi terbaik yang tak boleh anda lupakan ialah
    website judi yang tidak mempunyai riwayat tentang hal buruk, termasuk penipuan. Bila
    anda menemukan laman judi semacam itu karenanya lebih baik mencari web judi yang lainnya.

    Carilah situs judi terbaik dengan ciri yang kami sampaikan di atas.

    Sesudah menemukannya karenanya anda harus daftar secara khusus dulu, kemudian sesudah daftar maka seharusnya menjalankan setor
    dana atau deposit supaya bisa bermain. Sebab tanpa deposit anda pasti tidak akan bisa
    bermain judi joker ini. Ketika telah karenanya anda dapat mengecek
    apakah aplikasi telah bisa dipakai atau belum.

  16. I’m gone to convey my little brother, that he should also visit this
    webpage on regular basis to get updated from hottest
    news update.

  17. It’s an remarkable piece of writing designed for all the web users; they will
    take advantage from it I am sure.

  18. Spot on with this write-up, I really feel this amazing site needs much more attention. I’ll
    probably be back again to read more, thanks for the information!

  19. It’s truly very complicated in this full of activity life to listen news on Television, so
    I just use internet for that purpose, and get the most recent information.

  20. Seandainya anda sudah menetapkan untuk bermain judi joker123
    deposit pulsa maka seharusnya mempunyai aplikasinya.
    Untuk mempunyai aplikasi ini anda sepatutnya memilih web judi terbaik dan paling ampuh.
    Ada beberapa hal yang semestinya anda lakukan dikala dalam proses
    pencarian situs judi terbaik dan terpercaya.

    Perkembangan permainan judi memang benar-benar pesat sekali, anda dapat bermain judi joker cuma
    dengan memakai smartphone termasuk juga transaksinya.
    Permainan ini memang sungguh-sungguh menguntungkan bagi para pemain yang memenangkan permainan sebab
    akan banyak mendapatkan tawaran hadiah dari situsnya, melainkan semestinya memilih
    laman judi terbaik supaya tidak terkena pembohongan.

  21. Dikala sudah menemukan Bandar terbaik maka unduhlah aplikasi joker tersebut.
    Saat sudah anda download maka langkah selanjutnya adalah mendaftarkan diri anda, pengerjaan pendaftaran ini tidak
    terlalu sulit cukup dengan mengikuti arahan dari para admin. Seandainya telah maka anda dapat bermain sepuasnya dan bisa berharap untuk menang.

    Melainkan untuk menang perlu beberapa hal yang perlu anda
    persiapkan, modal banyak dan hanya berani bermain tanpa dibekali dengan pengetahuan akan membikin anda rugi.
    Permainan judi ini wajib berdasarkan analitik yang kuat, sehingga anda mesti bisa belajar dan mau mendapatkan kekeliruan yang ada pada saat kekalahan.

  22. Bila anda telah mempertimbangkan untuk bermain judi joker123 deposit pulsa maka sepatutnya memiliki aplikasinya.
    Untuk memiliki aplikasi ini anda seharusnya memilih laman judi terbaik dan paling ampuh.
    Ada sebagian hal yang patut anda lakukan dikala dalam pelaksanaan pencarian laman judi terbaik dan terpercaya.

    Perkembangan permainan judi memang sungguh-sungguh cepat sekali, anda dapat bermain judi joker hanya dengan menggunakan telpon pintar
    termasuk juga transaksinya. Permainan ini
    memang benar-benar menguntungkan bagi para pemain yang
    memenangkan permainan sebab akan banyak menerima tawaran hadiah dari situsnya, tetapi semestinya memilih situs
    judi terbaik agar tak terkena penipuan.

  23. Unquestionably believe that that you said. Your favorite justification seemed to be at
    the web the easiest thing to keep in mind of. I say to you, I definitely get annoyed even as people
    think about issues that they plainly don’t understand
    about. You managed to hit the nail upon the highest and also defined out the whole thing without having side effect ,
    other people could take a signal. Will likely be again to get more.
    Thank you

  24. Excellent website. Plenty of helpful information here.
    I’m sending it to a few friends ans additionally sharing
    in delicious. And naturally, thanks to your sweat!

  25. I am really impressed with your writing skills and also with the layout on your blog.
    Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing,
    it’s rare to see a great blog like this one nowadays.

  26. We are a group of volunteers and opening a new scheme in our community.
    Your site provided us with valuable information to work on. You’ve done a formidable job and our entire community will be
    grateful to you.

  27. For the reason that the admin of this site is working, no uncertainty very soon it
    will be well-known, due to its quality contents.

  28. Hello! This post couldn’t be written any better!

    Reading this post reminds me of my good old room mate! He always kept chatting
    about this. I will forward this page to him. Pretty sure
    he will have a good read. Thanks for sharing!

  29. 311144 832777Excellent website you got here! Please keep updating, I will def read a lot more. Itll be in my bookmarks so better update! 265632

  30. 275279 941754Hey there. I want to to ask a little somethingis this a wordpress internet log as we are planning to be transferring more than to WP. Additionally did you make this template all by yourself? Many thanks. 844450


Please enter your comment!
Please enter your name here