Be sure to keep accurate business records. You will need accurate records when it comes to tax time. Also you will be able to see if your business is profitable.
The easiest way to keep records is with financial record keeping software. Below we have recommended several packages which you can use for this task.
Cashflow Manager This is the Australian Version its a small business accounting program. It will make it easy to keep records for tax and other record keeping requirements. Several versions are available depending on your business.