BizSugar.com › Finance › Reality Check for Your Small Business Accounting

On a recent occasion I met a business owner whose company had gone through an agonizing death by a thousand cuts over a two-year process until he finally called it quits. The culprit: Poor accounting policies and practices. The company had implemented rather aggressive accounting practices that helped it in the short-run, but ultimately killed it over time. Most surprising was the conservative nature of the owner and his utter surprise at what had happened. An accounting reality check may have prevented this from happening.