Looking after company accounts can be one of the most daunting parts of running a business. Accurate accounting is vital to the success of any smallscale business. All too often the cause of failure is not the quality of the product
or service, the effort and talents of the people, or the sales and marketing. It is quite simply financial failure - running out of money - which leads to closure, if not bankruptcy. In too many new businesses well-qualified people
enthusiastically develop their goods or services but pay insufficient attention to financial management. Proper maintenance of financial expenditures and the flow of money invested and gained are important accounting matters
for any small business owner who wants to earn a respectable living for themselves.