AmiSight 8/21: When Your Growth Outpaces Your Bookkeeping

In the rush to build a business, bookkeeping and accounting can feel like the last thing an entrepreneur wants to focus on. After all, the goal is growth—winning new customers, generating revenue and profit. But here’s a reality check: If your accounting standards don’t keep up with your growth, they will eventually catch up with you—often at the worst possible time, like when you’re trying to get financing.

Over the past few weeks, I’ve seen three very different companies—all at various stages of growth—struggle with the same fundamental problem: their bookkeeping and accounting weren’t up to standard.

To continue reading, head over to my 21 Hats column.