The reality is that a spreadsheet alongside a box of receipts just isn’t going to cut it when it comes to maintaining accurate accounts for a small business. Even if you’re a one-man-band, a sole trader or a micro-business that only has a couple of employees, accessing some form of accounting software is going to be essential in order to keep accurate, up-to-date books.
A small business is equally vulnerable to the tides of economic change. While change isn’t bad in itself, it can throw you off balance. Whether you survive or thrive depends on how prepared you are.