Entrepreneurs That Self-Audit Can Practically Cut Costs

Many firms invest in an annual professional audit of their financials. For startups, an audit that could cost $15,000 to $30,000 is out of the question. But, if you want to demonstrate you have the discipline for growth, you should begin the process of self-auditing your finances as soon as possible. As I learned, an audit is much more than a seal of approval that accounting was done properly and there is no opportunity for fraud. One of the best things a professional auditor will do is provide management insights for you. Here are 6 things to look for in managing your money and reducing unnecessary expenses as you head into 2016.