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6. Problem: Our entrepreneur in questions 4 and 5 above is trying to set up a well-organized office filling system that will make it easier
6. Problem: Our entrepreneur in questions 4 and 5 above is trying to set up a well-organized office filling system that will make it easier and less costly) for the company's accountant to do their work. The accountant has told the entrepreneur to put all Profit and Loss source documents in one file and all Balance Sheet items in another file. The entrepreneur has made a list of every piece of paper they can think of and a checklist to help them get the filing system organized. Question: How would you complete this checklist to get the financial files organized? Check the appropriate columns below. Item P&L File Balance Sheet File Sales receipts Bank statements showing cash in the bank Payrolls from your payroll firm that have been paid Receipts for business travel Utility bills paid Orders for supplies that you have 60 days to pay Receipts for major equipment purchases Insurance premiums paid Rent paid for office space Advertising bills paid Bounced checks from customers for prior sales Statement showing balance due on bank loan Credit card statements showing balances due
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