You will hear the term ‘due diligence’ whether you are buying or selling an established business. But what does it actually mean, and what does it involve? Since Silverdale Consulting Group offers a range of Melbourne accounting services – including business-related due diligence – we get these questions all the time. That’s why in today’s blog we are answering some due diligence FAQs to help you gain a little clarity on the process.
Bookkeeping and accounting are two terms which are often used interchangeably. However, there are a number of important distinctions between the two roles which shape the different kinds of services that they are able to offer. In this blog, we’ll take a look at how the two roles differ and discuss whether your business needs both.