Keeping accounts and proving income
Hi everybody,
I'm not sure if this is the right place for this, but you all seem pretty knowledgeable and straight-talking, so I'll ask it anyway.
I'm not sure how to keep my accounts. My earnings are so low (well below the tax threshold) that I never really thought of it as a priority. I've got records of everything in my PayPal account, I just thought I could worry about putting it all together when the time came to do my tax return.
So is there any particular system I should be using? Is there a template I could use?
Also, I understand that you have to provide proof of your income, with invoices, etc. All I have is my PayPal transaction history. Could I just print this off and give it to them. Would that do, even though it's just a print-out?
I know I sound really dense here, but hey - if I don't ask I'll never know, right?
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