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Expand business and improve profitability

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Tamika Charles owns and operates her own business. She has recently hired a business advisor to help her both expand her business and improve her profitability. Tamika's business advisor has strongly urged her to set up a good accounting system. Until now, Tamika has only used a part-time bookkeeper to help her pay her bills. What key business benefit is Tamika most likely to get by setting up an improved accounting system?

More detailed tracking of competitor barriers to entry

Better statistics to be submitted for government data collection

More accurate computation of regional inflation numbers

Better information for making improved decisions

Reference no: EM133307304

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