Keeping your Business Income Records

Keep track of the gross income your business earns. Gross income is your total income before you deduct any expenses, including those related to the goods sold. Your income records must include:

■ the date;
■ amount; and
■ source of the income.
Record the income whether you received cash, property, or services. Support all income entries with original documents. Original documents include:
■ sales invoices;
■ cash register tapes;
■ receipts;
■ bank deposit slips;
■ patient cards;
■ fee statements; and
■ contracts.