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This is an example of where it looks. Central tyres waioukurau and pealleson. Pallesson was sole director of the company which went into liquidation. Quite
This is an example of where it looks. Central tyres waioukurau and pealleson. Pallesson was sole director of the company which went into liquidation. Quite significant debts. It was a tyre business in small town. Running up significant amount of debts unpaid. So again the liquidator goes in, when we get to liquidation we see that lots of companies dont go through liquidation as not enough money to chase. Here we got a sizeable sum with jason and the liquidator claimed breaches of 135 reckless traedess, 137 failure to meet standard of care of reasonable director and 194 failure to keep financial records. What palesosn did is that they had duty of employee and left this person to manage the company records through xero and myob. Here is $30 a month for zero license and you think you have done it now, i have got xero. You dont do the tutorials you dont do the things that go through. My colleague found the same situation. People buying the financial packages but have no clue how to use them. They didnt know how to construct a balance sheet. They put in the data just like back in the day when you stuffing the paper in the bottom draw. Just modern version of all the paper in the bottom draw. No training, didnt know how to do it. We see tiny tiny businesses is that the check they do of the financial health of the company is what we have in the bank account at end of the month. Not a bad idea too see how much money in the bank account
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