Differences in tax records and accounting of individual entrepreneur

Bachelor thesis is focused on the two most common ways of evidence of economic activity for individual entrepreneurs, double-entry bookkeeping and tax records. The aim of the thesis is to compare these methods of evidence, determine how each are different and define the criteria by which nascent entrepreneurs should decide when choosing the most suitable way of evidence for their business. The first part is devoted to possibilities of individual entrepreneurs in the Czech Republic and the wals of evidence in their business. In the next chapter, accounting and tax records are compared with one another in terms of content, legislation, forms of registration of the individual components of assets and liabilities. The end of chapter compares the obligations associated with the end of the reporting period. The last chapter deals with the transition from tax records to accounting. Summary example illustrates the practical application of tax records and accounting and is used to compare the impact of both records on the tax base