HOW TO SET UP A TAX-SAVING BOOKKEEPING SYSTEM

 One of the most important, but least understood or appreciated

aspects of any business is its bookkeeping or accounting system.
And, because very few people know much about the reasons for a
bookkeeping system, most people are frightened by the thought of
the work involved in setting up such a system, and the drudgery
of daily maintenance.

There's really nothing complicated to bookkeeping it's as simple
as keeping a daily dairy and' or maintaining your personal
checkbook. At the bottom line, it's simply a matter of recording
your deposits-your incoming monies-and keeping a record of the
money you spend.

So, the first thing you need to do is open a business account for
your extra income business or endeavors. Generally, this is
simply a matter of asking the new accounts teller at a local bank
for a business account registration fee, send it in to the
appropriate commissioner, and from there, open you a new business
account-complete with imprinted checks.

Drop by a local stationery store and pick up a loose leaf
notebook, and a supply of paper. We've always picked up a supply
of index tabs at the same time--either to separate the months or
the accountability sections for each item we sell.

Assuming that you want to make it as simple as possible, while at
the same time keeping it as efficient as is necessary-here's what
you do and how to do it.

On the first page in your notebook, write on the top line and in
the middle of the page: Monday, January 1st, 1983
or whatever day you officially start your business...Then, as
your orders come in, if by mail, as you open your mail-jot down
starting from the left side of the page, the amount you
received-dash-for what-from whom, and their address. The page
might look like this:

xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy xzy

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