With fewer employees and less revenue, small businesses have less need for detailed records than do larger business organizations.

Question

Quizplus · Accepted Answer

Although small businesses may have fewer employees and less revenue, they still need detailed records to effectively manage their finances, understand their cash flow, track expenses, and comply with tax regulations. Keeping accurate records also helps them make informed business decisions and attract investors or lenders.

With Fewer Employees and Less Revenue, Small Businesses Have Less