Introduction: Good record keeping is essential to resourceful business procedures. It is also serious for all legal connected issues. Setting up a record keeping method is not exhilarating and doing official procedure can be time overriding. Except creating and keeping a regimented method is easier than setting up an unfortunate one. Below are some ways to organize important business records. Combine one or more of these categories or break them down, depending on the nature and complexity of your business.
01. Accounting and Bookkeeping Records: Sales and expense information, inventory, ledgers, income statements, balance sheets, cash flow statements, and other financial statements should all be records yearly.
02. Bank Records: Bank statements, cancelled checks, bank reconciliations, notice from and to your bank, deposit slips and any loan related notices and documents. Store yearly.
03. Contractual Agreements: Contracts, real estate leases, equipment leases, purchase agreements, sales agreements, joint venture agreements, work for hire agreements, and other contracts.
04. Corporate Records: Articles of Incorporation, Bylaws, Shareholder Minutes and Consents, Board Minutes and Consents, state filings, Action of Incorporator, and amendments to the various corporate documents. If your business is not a corporation, then the other documents that may be relevant here are partnership agreements, LLC documents, consents of the owners and similar records.
05. Correspondence: vital letters sent and received by mail, faxes and important e-mail that you want to make sure is not lost and should be kept in solid copy.
06. Intellectual Property Records: Trademark applications, copyright filings, patent filings and patents, licenses and confidentiality or non-disclosure agreements.
07. Marketing and Advertising Records: Marketing brochures, print ads, web banners, text of radio ads, and other marketing materials.
08. Permits and Licenses: Permits, licenses or registration forms needed to operate the businesses, whether required under national, law.
09. Forms Used in the Business: Standard form of purchase order, sales agreement, offer letter to new employees, employment applications, etc.
10. Stock Records: Stock Ledger where every stock and other securities transaction are recorded, copies of stock certificates, options and warrants, and copies of all securities law filings.
11. Employee Records: Employment applications, real employment tender letters, employee handbook or policies, employment agreements, performance appraisals, employee attendance records, employee termination letters, and any settlement agreements with concluded or terminate employees.
12. Tax Records: Quarterly and annual national income tax filings, filings for self-determining contractors, records supporting tax filings, custody tax records, and other tax related matters.
ABOUT THE AUTHOR
01. Accounting and Bookkeeping Records: Sales and expense information, inventory, ledgers, income statements, balance sheets, cash flow statements, and other financial statements should all be records yearly.
02. Bank Records: Bank statements, cancelled checks, bank reconciliations, notice from and to your bank, deposit slips and any loan related notices and documents. Store yearly.
03. Contractual Agreements: Contracts, real estate leases, equipment leases, purchase agreements, sales agreements, joint venture agreements, work for hire agreements, and other contracts.
04. Corporate Records: Articles of Incorporation, Bylaws, Shareholder Minutes and Consents, Board Minutes and Consents, state filings, Action of Incorporator, and amendments to the various corporate documents. If your business is not a corporation, then the other documents that may be relevant here are partnership agreements, LLC documents, consents of the owners and similar records.
05. Correspondence: vital letters sent and received by mail, faxes and important e-mail that you want to make sure is not lost and should be kept in solid copy.
06. Intellectual Property Records: Trademark applications, copyright filings, patent filings and patents, licenses and confidentiality or non-disclosure agreements.
07. Marketing and Advertising Records: Marketing brochures, print ads, web banners, text of radio ads, and other marketing materials.
08. Permits and Licenses: Permits, licenses or registration forms needed to operate the businesses, whether required under national, law.
09. Forms Used in the Business: Standard form of purchase order, sales agreement, offer letter to new employees, employment applications, etc.
10. Stock Records: Stock Ledger where every stock and other securities transaction are recorded, copies of stock certificates, options and warrants, and copies of all securities law filings.
11. Employee Records: Employment applications, real employment tender letters, employee handbook or policies, employment agreements, performance appraisals, employee attendance records, employee termination letters, and any settlement agreements with concluded or terminate employees.
12. Tax Records: Quarterly and annual national income tax filings, filings for self-determining contractors, records supporting tax filings, custody tax records, and other tax related matters.
ABOUT THE AUTHOR
MHOHAMMAD WAHID ABDULLAH KHAN
S/O MOHAMMAD SAADULLAH KHAN
Dhaka, Bangladesh
home Page: http://wahidbd.page4.me
Mr. Mohammad Wahid Abdullah Khan is the Chief financial officer (CFO) of Orient Polymer Group (former Project director of "Max Textiles Ltd" from May 2010 to March 15, 2011). Prior to that he had completed over ten (10) years in various fields of Business like - Accounts, Finance, Internal & External Audit, project budgeting and project costing related positions in some of the largest group companies & the join venture companies in Bangladesh.
He consults about small- medium business owners and services professionals, business consulting service and project process. He is most experience in Financial Risk Assessment, Financial analysis, Financial Advising and Project Cost Analysis. He is a co- author of "The complete performance management", Mr. Khan has written more than 200 articles & case studies which have published in different international journals. Such as Business, finance, personal finance, international finance, auditing, Risk assessment topic and performance & industrial related,
Mr. khan's most popular articles is "WAK" Model - The way of best solution for an organization internal audit process,( 1st,2nd,& 3rd part) "WAK" Model"- for successful financial resource , "Wahid khan"- cost analysis, Wahid theory – the key of dynamic series for successful financial consulting, Wahid techniques – the Significance and dependability manner for Performance audit(1st,2nd,& 3rd part) Wahid's Opinion - non-conformity among the performance audit and financial audit, Wahid's view- The cogent task and the confront of financial/economic analysis in the modern business decision making , Wahid's outlook - The Business Financial Analysis Should Be Included several required Documents with the analysis report or plan, WAHID'S JUDGMENT- difference strategic plan as opposed to an operational plan ,WAHID'S METHOD– the charismatic and fruitful guideline for financial investment decision making ,WAHID'S MEASURE - the influential and evaluated of similarity between profit & non- profit business planning & Wahid's philosophy- The examined & careful consideration of strategic planning against business planning, Planning ,programming and budgeting system Models (PPBS Model)
He has consulted with more than 35 service & product companies, in recent years Mr. Khan has been spending most of his professional time for financial consulting, Mr. Wahid khan is the owner of "WAM Associates" and "WAK business solutions
0 comments:
Post a Comment