Home > What records do I need to keep for my business?
As a business owner, it is important to keep accurate records of all your financial transactions to help you manage your business and comply with tax laws. The specific records you need to keep will depend on your business structure and industry, but generally, you should keep records of:
It is important to keep records for at least 5 years, and it is a good practice to use accounting software and keep the records electronically to have better access and organisation.
It’s also important to note that depending on the nature of your business, there may be other records that are required by law to be kept, such as records of food safety, occupational health and safety, etc.