You can keep a handwritten list of your income deposits or use your bank account as your proof of deposits. There is no requirement to deposit your cash receipts in your banking account. But you will need to report as income all revenues including cash deposits. You will want to make sure you do not classify any loans or transfer of funds from one of your other accounts as Revenue. You do not pay tax on loans and investment of your own or other capital that goes into your account. Only revenues (sales of products or services) less expenses are subject to income and potentially self-employment taxation.
I hope this helpful.
Kelly C.
CPA
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