In the last month, I’ve helped two different clients identify big billing errors. These errors would have gone unnoticed without the accouting processes that we have put in place. It sounds absurd that $10,000+ could go missing without being noticed, but I’ve seen it happen many times, with companies that are quite small.
Would you notice $100 missing from your bank account? $1,000? $10,000?
Solid accounting processes protect your financial assets from intentional or unintentional loss. Efforts spent on establishing solid accounting processes is an investment that will pay dividends.