The commercial logbook is similar to the home owner's logbook only that it has much more important information. It documents every transaction and important activity with the intention of facilitating tax preparation and audit of the business. The main intention of using a logbook is to keep track of every activity pertaining to the business so that you can easily track everything and know the exact time when you did something. Some business owners who are inexperienced forget to keep this logbook which leads to major problems. Such business owners should ensure that they maintain the logbook at all times. The commercial logbook is used mainly by agents and processors to record all activity pertaining to business. It is essential to have one if you are in the business sector. Some people forget to keep a logbook and as a result they do not get the information about the transaction that took place. This leads to delay and mistakes and can also lead to legal issues, if there were a