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Unless you enjoy doing your books this is no way to run a business. Hire a bookkeeper and a CPA and use a popular SaaS tool like Xero. Doing your own books is
by ryanmarsh 9y ago
Unless you enjoy doing your books this is no way to run a business. Hire a bookkeeper and a CPA and use a popular SaaS tool like Xero.
Doing your own books is one way to get burned out on being an entrepreneur. Please don’t do this to yourself. Outsource and delegate. Your mental health (and the compliance risk) aren’t worth it.
- danieka 9y agoI have a really bad personal experience of that. Mental health should be way more important than saving some money on doing your account yourself. I hope everyone here follows your advice!
- rbcgerard 9y agoWhile I take your point, I often see people who don't really understand accounting avoid the topic entirely by fully outsourcing the preparation of their financial statements. This often leads to disaster because I've noticed that if you're not really on top of your outsourced service provider, they get sloppy/lazy and make lots of mistakes.
- ryanmarsh 9y agoGet good providers. Biz 101.
- mcguire 9y agoOutsourcing your financials is another way to get burned as an entrepreneur.
- ryanmarsh 9y agoEverything you don’t do yourself is a great way to get burned, but that’s no way to run a business. Intelligent outsourcing and delegation is essential. Read “The E-Myth”