The completion of annual accounts is a vital necessity for any business no matter how small. They provide a management tool to enable business decisions to be made to advance and grow the business. The accounts also provide a picture of the profit margins to enable the management ensure that all works are profitable. The accounts quite often pick up hidden costs which have been overlooked during the year.
The early completion of the Financial Statements show enthusiasm by the owners which is reflected in the dynamics of a growing business.