Is lack of Financial Record Keeping linked to Company Failure?

Posted by Kelly Morgan on 16-Aug-2018 09:19:47


We all know that the number one reason for companies to fail is inadequate or poor cashflow. However, have you ever stopped to wonder what the other main reasons for company failure are? According to the Australian Securities and Investments Commission (ASIC) the other reasons are poor strategic management of the business, and poor financial control including lack of records.

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Topics: strategy, small business, cashflow, Company Director, business failure, company failure, Accounting