Small Business Reading Room


Thursday, September 27, 2007

Business Recordkeeping is Important

Keeping good records is more than just paperwork. It is very important to the health your business.

Why?

Good records can increase the likelihood of business success. They can show whether your business is improving, which items are selling, or what changes you need to make. They will also help you to prepare accurate financial statements, such as income (profit and loss) statements and balance sheets. These statements can help you in dealing with your bank or creditors and help you manage your business.

For some helpful advice you can check out the following:

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113 Barksdale Professional center
Newark, DE 19711-3258

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