I’ve always had other people do my book-keeping for me. It’s been a task I’ve always hated to do. I was a big shot. An ideas guy. Why would I waste my HUGE brain for such a menial task?
After YEARS of other people doing it WRONG, doing it LATE, or not even doing it at all, I’ve given up.
Three years ago, I woke up and noticed I was 4 years behind and all the books were a disaster.
It turns out that it’s faster for me to do it myself, than it is to spend months nagging and complaining for somebody else to do it for me.
I don’t enjoy it more than I used to, but I’ve realized (the hard and expensive way) that proper record keeping, thorough accounting, and timely Tax Filings are crucial to running a solid business. It’s taken me 25+ years of business to get to this point.
Time and again, the books were screwed up. The numbers I was making business decisions were wrong. Nothing was filed on time.
I’m sometimes a SLOW LEARNER.
If you’re in business, or want to be, get your books under control. Know your numbers, and don’t let anybody else touch them. When you go see your Tax Professional, you should have it all ready for them.
You don’t need fancy or expensive software. Export your online banking into a spreadsheet and go.