There are many more benefits of keeping financial records and I know it's not the most exciting part of your business but it is essential to your business. It doesn't matter how small your business is, be it, laundry, hair salon, boutique, online store, etc, always keep financial records.
This is a message from a local entrepreneur in my area. He boldly declares that 'complete and valid financial reports are the most important thing in this company.' He is known for being meticulous in tracking every expense in his businesses. In fact, he is the type of entrepreneur who will inquire about small amounts of money even if his company's net revenue is already significant.
This message seems to have a profound meaning. What I have gathered from it so far is that cultivating complete financial reports is crucial for any company, whether it is small or large, that wishes to have significant growth. The key is detailed tracking of income and expenses.
that is correct - the detail tracking of the income and expenses is important.
And taking the notes and not doing the mistake is also an important thing to be kept in mind.