Poor record keeping can cost your business a fortune. Talk about losing prospective investors and failing government audits due to misplaced records or inaccurate information. Any business that has a desire to prosper should ensure that their records and books are always up-to-date with accurate information. Furthermore, such records should be easily accessible andalways within reach. Unfortunately, having in-house accountants is never enough. Because book keeping can be monotonous and straining, your in-house accountants, if any, might overlook major errors or fail to manage the records appropriately. In such instances, you risk losing money or receiving huge fines when your tax reports do not successfully pass govt. audits. Worst case scenario, your business may end up closing shop when investors or financiers fail to get accurate information. To that end, your book keeping activities should be left handled by experts.