What is the direct consequence of not recording a sale for a business?

[Fidelia]

We all know that record keeping is very important for every business. And one of the most important records that businesses should keep is sales record.

What is the direct consequence if the staff forgets to record just one sale in the business day?

 

[Min George]

There would always be discrepancies in balancing the account and financials won't be tracked properly in the end.

 

[eLdavis]

I think one major consequence here would be the inability to track the performance of the business on the long run.

 

[Stardom22]

Records are very important in businesses. Entrepreneurs that tend to ignore records do lack details and information for references purposes. That can negatively affect the business for sure.

 

[Kross]

When a business doesn't record a particular sale, it won't be able to get the true revenue for that business day.

 

[Augusta]

You lose the most important controls and tools to manage your business profitability. Financial statements and most operating reports is essential

 

[Kera]

Not recording a sale in business would always affect the financial statement of a business and can lead to unbalanced decision making for the business.