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Accounting
Record Keeping - Why is it necessary?
Complete and accurate financial record keeping is crucial to your business success for a number of reasons:
- Good records provide the financial data that help you operate more efficiently, thus increasing your profitability. Accurate and complete records enable you, and your accountant, to identify all your business assets, liabilities, income and expenses. That information, when compared to appropriate industry averages, helps you pinpoint both the strong and weak phases of your business operations
