Glencoe Accounting

Chapter 6: Recording Transactions in a General Journal

Working in the Real World

Keeping records for a small business is an organized and systematic way to track transactions. From paying invoices to recording sales, a company should keep accurate accounting records, so that financial reports can be prepared. For more information on recordkeeping, read the SBA's publication, Recordkeeping in Small Business (www.sba.gov/library/pubs/fm-10.pdf).