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Record Keeping

The most useful record-keeping systems are usually also the simplest to understand.

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

Excerpted from Starting a Home-based Business

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