Why do you need to keep good records for your retail store? For the same reason that you take photos of your vacation: to remember where you've been. Instead of views and events, you record income and expenses. Looking back, you can determine whether you had fun—or made a profit—or not. Financial records are snapshots of your business's growth. Good recordkeeping also can keep you from paying too much in taxes. This chapter focuses on how you can develop a good recordkeeping system for your retail store—one that doesn't require an MBA to set up or interpret.