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Maintain accurate information on the business' profit or loss |
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Ensure the business is on track with the business plan |
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Control costs |
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Assist with marketing plans in an order to increase sales |
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Maintain control over accounts receivable and accounts payable |
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Prepare financial statements and tax returns for government sources |
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Provide finanial information to lenders |
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Provide an audit trail in the event of a tax audit |
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Allow a potential buyer of the business to value it |
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Allow the small busines owner to value hir or her own business for selling purposes and estate
planning |
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Accounting services can be shared by in house accounting staff and
outsourcing |
