You need accurate financial statements every month, not once a year

Philip Campbell just posted an excellent article called “Does Your CPA Have to Fix Your Financial Statements for You?”  He points out that corrections are made because transactions have been left out or recorded improperly.  This is generally done once a year. In the meantime you are managing your business based on bad information.  He says the wise thing to do is create accurate information every month.

Check out the full article.  Bravo Philip!

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