How to keep records with an entrepreneur

The law provides for entrepreneurs and companies using a simplified taxation system only one financial document requiring regular filling in - a book of income and expenses. Accuracy in its management will not only protect you in case of verification, but also facilitate the completion of the annual tax return. You can keep a book of income and expenses both in paper and in electronic form.

You will need

• - a paper or electronic version of the book of accounting for income and expenses or a specialized online service for its maintenance (for example, "Elba" or "My business";

• - a computer;

• - Internet access (not in all cases);

• - financial documents confirming all your income and, if necessary, expenses;

• - print;

• - fountain pen.

Instruction manual

1

Fill out the title page of your income and expense book if you are using the paper or electronic version. If you prefer the services of a specialized online service, he will do everything for you based on the details and personal data that you entered when registering your account.

2

Take the paper version, if you prefer, to the tax office serving your registration address. Hand it over to your tax inspector. If you don’t know who exactly serves your address, ask the person on duty or carefully study the information stands in the lobby. You must certify the paper version with the completed title page before you make the first entry in its content.

3

After ten days, take the certified paper version of the income and expense book from your tax inspector.

4

If necessary, enter information on income and expenses taken into account in the book of accounting for income and expenses, regardless of which option you choose. Indicate in the appropriate columns of the document of sections on income and expenses the serial number of each record, the nature of the receipt or expenses (for which money was received or spent), the date you received or written off the funds, the output of the payment document confirming income or expense (payment order, strict reporting form, cashier's check, sales receipt, strict reporting form, etc.).

5

At the end of the year, print the electronic version of the document, certify it with your signature and seal in the places intended for this.

6

Give a command to generate a book of income and expenses if you use the online service. Then print the generated document. Assure him with a signature and a seal, sew the sheets and stick on the thread with which you are stitching a sheet with the number of sheets on the back of the last page, and also assure him with a signature and a seal.

7

Assure the printed e-book of income and expenses at the tax office. The procedure is similar to steps 2 and 3. The only difference is to print and certify the book of income and expenses that you keep in electronic form, you must not before making the first entry, but after you have reflected in the document the last receipt or expenditure of the year.

8

Keep a book of income and expenses for three years. This period from the moment of verification, if any, limits the relevance of documents that regulatory authorities are entitled to ask.