Tennessee may have been spared from the hurricanes that have hit nearby states over the last several months, but even small business owners in Nashville should take time to assess their own preparedness for natural disasters. If the city sees a calamity that’s anything like the floods of 2010, it is best to know how to mitigate and manage the disaster’s effects.
For small business owners, disaster preparedness includes ensuring your records will survive the event and understanding how your finances can recover after the fact—tasks for which your trusted CPA is qualified to help.
Document all transactions and operations
Properly documenting all transactions and operations is always a good business practice. However, keeping close track of your inventory, payroll, bookkeeping, equipment, supplies, and the like will also serve an essential purpose should disaster strike.
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