Where’s Your GAAP: Transportation and Logistics Companies Need Clean Financials to Grow and Sell
Anders CPA
MAY 13, 2024
A net income sheet that has more ups and downs than an amusement park usually means one thing: The company’s bookkeeper is not using GAAP – generally accepted accounting principles. If this period crosses over two years, it can even impact tax liabilities, causing a company to under-pay one year and then over-pay the next.
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