Statistics

Is your company destined to become another "statistic"? Both the frequency of your accounting and the quality of the records you keep can dramatically affect your company's survival rate. Here are the statistics:

How frequently you do your accounting can affect your company's survival rate
Frequency Survival Rate
At Least Monthly 79.7%
Quarterly 71.5%
Half-yearly 49.9%
Annually 36%
How well your records are kept can also affect your company's survival rate
Accounting Records Survival Rate
Excellent/Good 63%
Average 49.8%
Inadequate 20.1%
Poor/Non-existent 2.5%
Source: The Small Business Book; Robert Hamilton and John English.
Copyright © 2007 OSI Business Services, LLC. All Rights Reserved. OSI Online Journal: