Reasons why small Businesses should pay attention to sales cash

Despite what some accountants might have you believe, you can run a business successfully without an accountant or even bookkeeping software. It might not be recommended, but it’s possible. It’s also possible that inadequate bookkeeping can be more troublesome than no bookkeeping since it can provide false information instead of no information.

Sales and cash flow can be easily verified or calculated on the spot without a bookkeeping system and can provide enough information for a business owner to get a good sense of what is going on in their business. However, as the business grows, these KPIs will be insufficient by themselves, but by then the business should be profitable enough to afford a well-developed and well-managed bookkeeping system.

The information provided here is not investment, tax or financial advice. You should consult with a licensed professional for advice concerning your specific situation.

Forbes Finance Council is an invitation-only organization for executives in successful accounting, financial planning and wealth management firms. Do I qualify?

 

  • Related Posts

    Debt Relief Lawyer: Your Path to Financial Freedom

    Are you struggling with overwhelming debt and unsure of your options? A debt relief lawyer can provide you with the expert guidance and representation you need to navigate the complex…

    Read more

    Continue reading
    Aviation Products Liability Insurance: Protecting Manufacturers

    Aviation products liability insurance is a specialised type of insurance designed to protect manufacturers of aviation products from liability claims arising from defects or malfunctions in their products. This insurance…

    Read more

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Tragedy in Ghana: Two Government Ministers Killed in Helicopter Crash

    • By djfly
    • August 6, 2025
    • 2 views
    Tragedy in Ghana: Two Government Ministers Killed in Helicopter Crash

    Daddy Lumba collection of notable songs and albums

    • By djfly
    • July 27, 2025
    • 22 views
    Daddy Lumba collection of notable songs and albums

    NPP’s Future at Stake: Kennedy Agyapong’s Blunt Warning

    • By djfly
    • July 22, 2025
    • 33 views
    NPP’s Future at Stake: Kennedy Agyapong’s Blunt Warning

    Ghana’s Creative Industry Takes a Step Forward: President Mahama Attends Black Star Experience Launch

    • By djfly
    • July 12, 2025
    • 23 views
    Ghana’s Creative Industry Takes a Step Forward: President Mahama Attends Black Star Experience Launch

    Accra Mayor Confronts Police Officer Over Alleged Extortion

    • By djfly
    • July 8, 2025
    • 571 views
    Accra Mayor Confronts Police Officer Over Alleged Extortion

    Larry Ellison Vaults His Way to Second-Richest Person on Earth

    • By djfly
    • July 5, 2025
    • 39 views
    Larry Ellison Vaults His Way to Second-Richest Person on Earth