To make sure your books are compliant, we recommend that you:
Familiarize yourself with applicable regulations. Ensure you understand which regulations and standards apply to your business and industry.
Keep detailed records of all income and expenses, as well as any other financial documents and transactions.
Develop a system that allows you to easily find documents and records when you need them.
Use appropriate software and tools designed to help you stay compliant with applicable regulations.
Work with a professional. Contact one of our CPAs to ensure that your bookkeeping is compliant with all applicable regulations.