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ARTICLE · 16 FEBRUARY 2016

The Cost Of Bad Bookkeeping

Crowe
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You're looking at your trade accounts receivable listing and you note amounts that are a couple of years old, amounts with strange names, large credit balances or balances that aren't consistent with the your type of business.

CanadaAccounting and Audit
Candace Surette
Candace Surette
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You're looking at your trade accounts receivable listing and you note amounts that are a couple of years old, amounts with strange names, large credit balances or balances that aren't consistent with the your type of business. These could be signs that you have a problem.

Bookkeeping impacts every business. Good bookkeeping can give your business an edge over your competition and poor bookkeeping can cost you money and hold your business back. What kind of bookkeeping are you getting?

Why should you care?

A good bookkeeper provides support to keep your business healthy. Poor bookkeeping can hide signs of a business in distress. Paying for bad bookkeeping services has two costs, the price of the bad bookkeeping and the cost of the CPA firm to fix the errors. In addition, there is the hidden cost of bad decisions made from poor financial information.

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