Record Keeping Basics
Tools for record keeping
Audit proof your business - Internal records
Summary of required documents
Building good vendor relationship, exposes you to deals you otherwise might not have. Vendors usually reserve their best deals for their best customers. If you are in the habit of moving vendors, you could be paying more than you have to.
Your vendor record should have:
- Name of vendor
- Phone number
- Notes: goods or services purchased from vendor.
This records could easily be kept as part of your accounting record.