According to a study undertaken by the Small Business Administration, 28% of companies go bankrupt due to problems with the financial structure of the company. Many of these problems could be avoided by following good accounting practices.
Keeping a record of your financial details IS important to the livelihood of your business.
Not only will the correct documents make it easy to file taxes, obtain new loans and pitch investors, but they will also give you insight into the day to day health of your business, allowing you to make better decisions for the future.
Our infographic will guide you through the essential documents you need, including helpful tips on finding an accountant for your small business.