Failure to set up sound financial record keeping, updating projections and a periodic review of actual financials to the projections in the business plan.


Parker Finance Solutions suggest:

Perform a review of the most current financial statements, compare to the prior year comparable period to obtain a reconciled financial statement base for future borrowing, negotiating additional trade Affordable
credit, refinancing current debt, updating the business plan and/or projections.

It is suggested the Company accountant review the findings in light of the record keeping system they established and make any recommended modifications, if necessary, to the system.