A practical recordkeeping system for small businesses

Build a simple source-to-ledger habit that keeps income, expenses, assets, payroll, and support easy to retrieve.

What to do this week

1. 1

   Separate business and personal activity.

2. 2

   Use one consistent folder structure by month.

3. 3

   Retain source documents that support every material entry.

How to use this field note

Use the checklist to organize records and identify the question that needs attention. Confirm deadlines and federal requirements against the linked official source. State, local, entity-specific, and fact-specific rules may differ.