Accounting
and recordkeeping for a sole proprietorship is just like that
of any business structure, just a little less complicated.
A separate bank account for the business is a good idea and
you should, at minimum, keep track of your business related
receipts and disbursements, maintain payroll records (if you
have employees), and keep a list of business assets.
The
IRS doesn't care what system you use to account for income
and expenses, just that you do it and that the records are
available to them for auditing. You can use a paper-and-pencil
method or choose to have us prepare your accounting on a monthly
basis which is more accurate than a manual system.
We
offer complete package
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