5 ms·
I have a business degree and took accounting in school, but I didn't feel comfortable doing my own books until I did 2 one-hour sessions with my accountant, who
by andrewljohnson 10y ago
I have a business degree and took accounting in school, but I didn't feel comfortable doing my own books until I did 2 one-hour sessions with my accountant, who refreshed my accounting knowledge and taught me some of the wiles of Quickbooks. I'd recommend this approach to anyone who wants to do their own books.
I also like the strategy of classify your own transactions, but pay your accountant to reconcile your accounts quarterly, and to do your corporate taxes. This lets you stay close to the money and keep your books up-to-date on a weekly basis, which helps you forecast and manage cash flow. At the same time, it ensures your books are correct, and that your year-end tax filing are simple and quick.