Great article on business owners and their relationship with bookkeeping at Entrepreneur Magazine. The article talks about a survey by TD bank of business owners that put bookkeeping as their least favorite business task. From the article:
- Bookkeeping can be hard. Unless you have an accounting degree, you won’t automatically know the first thing about basic accounting practices. You have to learn it.
- Bookkeeping usually isn’t fun. It’s all about cold hard facts — the truth. When you see your business expenses racking up and little income trickling in, it can hurt.
- Bookkeeping can be very time-consuming (especially if you’re new at it.)
- With bookkeeping, it’s easy to make mistakes, and mistakes can be costly.
The solution is to hire a professional bookkeeper. A professional bookkeeper will work with you to simplify your finances and bring you the information you need most.
Read the full article here: What’s the One Task Most Small-Business Owners Loathe?