Financial Record‑Keeping Checklist

•	Set up your business chart of accounts.

•	Open a business checking account.

•	Prepare a check register.

•	Set up a business petty cash fund.

•	Prepare a petty cash register.

•	Set up asset accounts.

•	Prepare current asset account records.

•	Prepare fixed asset account records.

•	Set up expense account records.

•	Set up income account record.

•	Set up payroll system.

•	Prepare payroll time sheets.

•	Prepare payroll depository records.

•	Determine proper tax forms for use in business.