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Can you identify bookkeeping risks?

partysupply
(@partysupply)
Active Member

Hello everyone..i am new here, i am in the business of party supplies. It will be a good time...

party supplies
birthday parties

Quote
Posted : 23/08/2011 10:59 pm
thon_em
(@thon_em)
Estimable Member
Points: 410

Risk is a fact of life in business. There are basic risks that apply to every business, but certain industries face unique risks in their field. Can you identify bookkeeping risks?

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Topic starter Posted : 15/01/2023 3:53 am
StarLight
(@starlight)
Estimable Member
Badge Earned
Points: 375

Common Small Business Bookkeeping Problems:

  • Unsuccessfully applying for bank funding.
  • Accounting reveals that you can't cover payroll. 
  • Out of compliance with loan covenants. 
  • A lack of clear, repeatable monthly closing processes.
  • Monthly financial statements not completed timely. 
  • Hearing excuses instead of getting deliverables.
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Posted : 22/01/2023 2:58 pm
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