According to law all companies are entitled to bookkeeping and it is responsibility of a entrepreneur or the management of a company to organize the bookkeeping. In the bookkeeping all the company´s money transactions and debts and revenues are recorded. Entrepreneur is also bound to store these records along with related receipts and other documentation for ten years even if the company doesn't exist anymore. The self employed free lancer must also organize his bookkeeping, if not for any other reason than just to fill up the tax announcements. Without proper and clear bookkeeping the filling up the tax forms can be a nightmare.
It is advised to find out properly of all the rules and regulations concerning the accounting and taxation. Local tax officials can help and give information and there are many offices and instances who give help and information for small business entrepreneurs with setting up the administration. Employment offices and enterprise agencies can provide consultation on these matters as well.
The easiest way nowadays to organize to whole bookkeeping is doing it with the help of electronic accounting sofware (in Fnnish=kirjanpito-ohjelma), which keeps the records always updated. These softwares take into account as well all the local taxation and other things, so that the self employed doesn't have to be all the time a calculator in her hand. All the incoming and outgoing billing is possible to handle electronically so that the manual paper work is reduced. The easies way to organize the whole accounting and bookkeeping is to simply outsource the whole procedure to some accounting company.
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