Why Financial Reporting is the Golden Ticket to Success in Any Business

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Business success can be attributed to a wide range of factors, especially since each business defines ‘success’ differently. For example, although nonprofits need revenue to function, they usually define success in terms of making progress with their cause. Regardless of how you define success, your financials matter. Even when profitability isn’t your primary goal, your finances are directly correlated to your level of success. For instance, nonprofits can only contribute to their cause as far as their revenue will take them. When they run out of funding, they usually pause their work. Even w…

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