Answer:
The answer is False
Step-by-step explanation:
Every business should ALWAYS keep records regarding their daily transactions (procurement, sales, accounts payables, receivables, etc.). Records are the bases for knowing and understanding how the company is performing and whether if it's achieving the expected goals. If records are not kept, it's impossible to know how the company can improve their operational and business KPIs (Key Performance Indicators). This is because you can't improve what you can measure and you can't measure what's not documented or registered. Finally, it's not mandatory to hire an external Accountant to keep records. Most firms have their own Accounting and Finance department to develop this kind of activities. If this is not the case, then, it's strongly recommended to hire Accounting help (on a fixed fee rate, typically).