1. Helps in planning and decision making
Accounting is prepared correctly and has a good system. It can help entrepreneurs measure the performance of their business. Know your ability to operate and the financial position of the business in the form of financial statements and can clearly use information to make decisions and plan business operations
2. Easier to apply for a loan
in conducting business We may need to apply for a loan to fund our operations. or expand business If we prepare our accounts correctly, we will be able to use financial reports to submit for consideration by financial institutions. Having accurate financial reports and clearly will create financial credibility for the business This will have the effect of making it easier to apply for a loan to invest in a business.
3. Plan to save on taxes.
accounting It will allow us to see the operating results in the income. and various expenses and see guidelines for tax planning To achieve tax savings legally.
4. Legal
If we register as a legal entity The law requires businesses to prepare accounts and submit annual financial statements to government agencies. Whether it is the Revenue Department or Department of Business Development When a business has proper accounting, you do not have to worry about being audited by government agencies.
