Why aren’t my financials from an accounting system enough for a lender/investor?


Accounting systems are often set up to handle tax obligations e.g. GST/PAYG etc. and for keeping track of supplier payments. In our experience they are often also not very well set up i.e. there are mistakes in data entry that compromises the quality of the information. If reports are being used that are inaccurate for lenders/investors this will give a bad impression and reduce their confidence.