Your Business Is at Risk If Only You Know the Records

Keeping all your business records in your head, one phone or a torn notebook is not discipline. It creates a single point of failure. What happens if you fall sick, lose your phone or become unavailable for days? Can your spouse, staff or business partner identify your debtors, suppliers, outstanding invoices and account details? This is not about trusting everybody with your money. It is about creating a reliable system. Keep clear records, back them up securely and ensure at least one trusted person can access essential information when necessary. If you disappeared tomorrow, could anyone in your business tell who owes what?

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