When you are self employed and that you are at some point in life asked to show the incomes, you should not hassle a lot, this should be an easy task to do. Well, many find it difficult to do that. If you are not sure about it you can read more here to know what it takes to show the proof of your income.
The very first thing is to keep business and personal accounts separate from each other. You should and must learn about that so that you cannot tamper or confuse about the accounts. It is from the business account that you will get to fund your operations and meet capacity as well.
When you are self employed, do not just transact anyhow, at least try to follow all the deals and make sure you update your books of faccotimet is great to update and track your financial records too. You need to track all the receipts, how you trade, the expenses incurred and the incomes too, that way you will tell the proof of your income very well and without any secrets or hidden info. If you are not sure about record tracking then you are not lost, you can click here to know what it is like to do all that.
This is another great way to exactly show proof of income,just get all tax returns records from way back when you started self employed job. You know what, tax returns records are a great idea because you are just going to see the incomes before the tax was deducted. The one asking to see your incomes will have access to the history and record is just safe to show your proof of income. You can always adopt this and you can track your incomes so well. They are not questionable even.
Make use of pay stubs too. With pay stubs you will get to know about your income very well, first thing because they are going to show the right and correct figures, you will not get any estimates and that is a cool thing to know. You can use pay stubs yes and that would be a good idea from the onset.
We have financial reports too things like balance sheets and profit and loss accounts, must be updated and monitored all the times. That is the only way you can keep account info well and it would serve as proof of income. There are useful tips to help you show proof of income when self employed, you can get to view here for more so that you are informed on what they are and how it works really.