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I've started a new business, how should I keep my records?

I have just started trading and I am started to collect some receipts and issue invoice. What is the best way to keep these records?

It is very important for businesses to keep detailed records of all income and expenses related to the business. 

You can keep these records in paper or electronic format, but electronic format is by far the most efficient option. 

Online accounting software, like Surf Accounts and Receipt Bank, enables business owners to manage their accounts through their mobile device. No accounting knowledge is required to use software like Surf Accounts. Once you can use a smartphone you can use online accounting.

In the case of both paper records and digital records you must store them for a minimum of 6 years.

TaxAssist Accountants would be delighted to help you choose the right digital solution for you. Contact us today to discuss your options.

Why choose TaxAssist Accountants...


Our accessible mobile apps remove all the hassle


Meet face-to-face at one of our 20 locations across Ireland


Receive a fixed fee quote for the work that needs to be done

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