Many tiny scale companies make the error of operating in their companies without current accounting records or efficient and prompt regular booking write-ups. Entrepreneurs are occasionally in a quandary whether they should outsource their book keeping activities or should prepare their accounts in-house using their own staff. This might be due to cash lack or perhaps thanks to the careless approach of business owners.
We shall inspect in detail some drawbacks of delaying the accounting and book-keeping activities and functions. Continue reading