04/ 10/ 2002
Nothing can ease the anguish from disasters like fires, floods and storms. But you can ease your business's recovery with some preparation.
Here is a list of the records you need to store outside your business or office:
- Year-end (Dec. 31, or fiscal) general ledger and profit and loss statements for the past five years
- A copy of computer backup disks, tapes or CD-ROMs
- A copy of client lists
- A copy of your most recent periodic inventory (both merchandise and raw materials)
- A list of your normal inventory items and suppliers (with addresses and account numbers)
- Photos or videotapes of the interior of your office, with descriptions of furniture, fixtures and other assets, including serial numbers
- A copy of your depreciation schedule, with serial numbers
This article originally appeared in the April/May 2002 issue of MyBUSINESS magazine.
