Record keeping from an accounting perspective is vital for when the business is buying, selling, merging, or borrowing money. Without clean, organized records, banks will never loan money, companies will not merge, and no one will want to buy your company or feel they will able to compensated for theirs.

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Record Keeping for Workers Compensation Audits

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As a business owner, you know that you may experience regular auditing – some audits you will initiate internally, to monitor your business progress. Others may be initiated by outside entities. The key to getting through an audit with the…