Businesses Fail Due To Inaccurate Record Keeping

Businesses fail due to inaccurate record keeping necessary for ATO requirements

Poor record keeping has been widely recognised by experts as being one cause of failure of Micro businesses

2 main reasons for failure

Businesses fail due to inaccurate record keeping necessary for ATO requirements for two principal reasons:

  • Lack of time
  • Lack of expertise

Maximise your Resources

As a small business owner, do you focus on working on your business or working in your business?

Successful business operators focus on doing what they do best, and contract / employ others for areas of expertise that the business owner lacks.

In other words, they are building on their strengths, while outsourcing to other experts to cover any weaknesses.

In recent years more and more businesses have realised the VALUE in outsourcing for their bookkeeping needs, engaging bookkeepers to keep their records for them – which is what they do best

Good bookkeeping can benefit your business… [ more ]