![]() It’s not possible to grow a business without attractive financial records. The business person can know if the company is making profits or losses. If one department is spending more, measures can be taken to mitigate the expenditure. This way, they can tell what money was spent in what department. ![]() The business person needs to keep track of expenditure. The business could be spending too much money on paying salaries and allowances, which can affect its operations. One department could be spending too much money compared to another department. There will always be an expenditure in any business but without proper bookkeeping records, it is hard to tell where the money is going.
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