My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Record Keeping

The most useful record-keeping systems are usually also the simplest to understand.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Your time is valuable, and you will spend too much time maintaining your records if they are overly complex. Furthermore, complicated records may require hiring an accountant or bookkeeper to maintain them, and may start-up homebased business owners simply don't have the cash on hand to hire someone immediately. Develop a comprehensive record-keeping system, but one that is easy to understand and maintain.

Excerpted from Starting a Home-based Business

More from Entrepreneur

Corene Summers helps clients advancing their health, careers and lives overall through reducing stress, tension and optimizing sleep.
In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur