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Most businesses do auditing time and again to determine the net worth of the business and as a legal requirement sometimes.
How often do you do auditing of your business
I only do auditing before the end of the month. In this way, I can able to know the needed ones to be uploaded for my online shop. Of course, I would be able to establish the importance of some items being sold there.
I do auditing on my milk tea business once a. month,but I do the inventory once in every two weeks. I also check the problems that might occur every week like presence of repeat buyers of my milk tea business.
It is true auditing is a must for monitoring. You'll know your deficit, gain or break - even in your business. It's also the basis for tax payment. Others hire accountant to reduce the gains and expenditures.
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