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Popular Business Misconceptions Cost You Money Part 1
By J. Stephen Pope
Faulty information costs you money! Which of these popular business misconceptions do you believe?
Popular Misconception #1: We Only Need Our Books Done Once A Year For Tax Purposes. Are Your Accounting Records Adequate To Run Your Business?
Although it is important to keep records for tax purposes, it is not the only reason (or even the primary reason) good accounting records should be kept. Another frequent reason clients request financial statement preparation is to obtain bank financing. Although important, this also is not the primary purpose of keeping good records for your business.
Good record keeping will enable you to extract meaningful financial i...
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