You need the receipts if the IRS audits you but the CPA does not need the receipts.I use Quicken which has got to be the rock bottom most simple software usually only used for personal finances.

Every so often they get audited by the government.

You need to audit the place, verify inventories sold through the place.Liquor licenses are held by the business owner, not the building owner but might be both, but pretty sure the names of owners are run through background checks and an application process, you don't automatically buy a license.Seller financing is very common for bars as such business are harder to finance, along with privately name type resturants, non-franchised stores.

If you get audited does the tax attorney have attorney client privacy disclosure on discussions you have had versus a CPA??

Jon Klaus,I am seeing many more audits in this topic from last year.

I am starting a new job soon as an audit accountant and will be using those funds to start out in real estate.

Time for a lifestyle audit?

YouTube "National Fiber Dense Pack" for some info on densepacked cellulose.You might consider a "home energy audit" if they are available in your area. 

You would need to require that financials provided are certified and audited when presented to the landlord.

There's no way to audit that quickly if it's fraudulent.