Getting audited sucks! We know; we’ve seen businesses small and large shake in their boots when the officials come and ask them hundreds of questions about their financial records and decisions. Of course, this doesn’t have to be the case. Businesses who trust a professional and knowledgeable bookkeeper, to do the legwork and make sure their financial books are properly updated regularly, don’t have a thing to worry about.
You’re excited about a new venture opportunity that’s presented itself for your small business; it’s going to be a great new product; it’ll double your company’s worth; it’ll put you on the map in your industry. However, it’s going to need some money thrown at it, which means you’ll need to get a loan, which also means you’ll have to show your financial records to the banking institutions! (Insert sound of a scream or halted record on a turntable here)