[spongy buffalo]

So the plan is to one day, ie the minute the Mrs is ready- to move out of town

My book keeping is exactly that,
I tell the accountant I earned this, spent this on fuel that on waste etc, the receipts are all there if anyone wants to check
So to check the value of customers and so on would definitely be possible, definitely be a pain in the a55.
Does myob and others make all that information relevant to easy to access?
If you were to sell in a couple of years or even months how do you prepare record wise?

[Colsy]

So the plan is to one day, ie the minute the Mrs is ready- to move out of town

My book keeping is exactly that,
I tell the accountant I earned this, spent this on fuel that on waste etc, the receipts are all there if anyone wants to check
So to check the value of customers and so on would definitely be possible, definitely be a pain in the a55.
Does myob and others make all that information relevant to easy to access?
If you were to sell in a couple of years or even months how do you prepare record wise?

Yep, Quickbooks can supply a report on all my customers and their transactions for any given period.

[Lucky]

If you didnt want to run a "checkable" system for obvoiuse reasons then maybe just your run diary and a list of customers, frequency and cost should be fine. They should be able to check one against the other fairly easily.

Someone purchasing the business may appreciate not having a "checkable income" and most business has some cash component that is not shown.

I once worked at a wholesale bakery and the cash was the majority of the income and the income on the books was extremely high.

[AndoTheMando]

I bought my business of a guy who kept records in an old school book ...  I spent a month with him before handed over any cash though....lol

[Lucky]

I bought my business of a guy who kept records in an old school book ...  I spent a month with him before handed over any cash though....lol

Proper hand over is professional and shows trust.

[AndoTheMando]

Proper hand over is professional and shows trust.

I totally agree..   

[Colsy]

Yeah I think if you can talk about a lengthy handover to a prospective buyer then that should be able to take the place of a formal system of checks and balances. You could list all of your customers on a spreadsheet or something just to posh it up a bit?