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How might a poor set of recording procedures affect the flow of information to management?

How might a poor set of recording procedures affect the flow of information to management?
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Answer #1

Recording procedure is often over looked but it is very vital for the flow of information to management.
A poor set of recording procedures affect the flow of information to management.
In such situation, Often, time is wasted in file sorting.
Apart from that, If any file misplaced or lost, it will result in communication erodes in management.
Management never know where money is going and coming from
And
Owners will have misconception regarding their financial conditions.

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