How Much Money Is Your Business Actually Making?
For a small business, understanding how much cash is made within a certain period of time is crucial to the survival of the business. Quite often, business owners tend to have the wrong idea about how much money their business is actually making. This can expose the business to a wide number of risks.
Therefore, even during the early days of a business, proper accounting is something a business owner can't afford to ignore if the business is to have any hope of surviving.