Tax Accounting Is Not Enough
Investors, lenders, and buyers want your financial records to show more than revenues, expenses, and net profits. Too often, bookkeepers and accountants focus solely on tax issues, and provide your business information in broad strokes. It is, however, the fine detail that will make or break your deal. Customer acquisition, customer retention, buying cycles for your component parts, and selling cycles for specific products must be included in your financial information. This information isn’t just good for potential investors—it also provides you with a wealth of meaningful information for running your business.
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