The $100 MBA Show MBA1065 Q&A Wednesday: Do you do your own accounting? How much time do you spend on it?
Do you know where your money is?
Accounting can be a little intimidating for those of us who aren’t mathematically inclined, or aren’t exactly experts in the latest tax and regulatory issues. It’s Q&A Wednesday, and one listener wants to know how we keep an eye on our funds, and what kind of resources we put into it.
Spoiler alert: we have an accountant.
Today, we discuss why we have an accountant, what to look for in a good one, where to find one, and what it costs. Freeing yourself from the burden of accounting can be one of the smartest investments you can make in your business, if you have the right person (and tools) for the job.
Our accounting system involves not just the help of our (very good) accountant, but some simple software applications that really take the stress out of managing finances. Hear how we keep track of things, and decide if it’s right for your business — especially as the numbers get bigger. Click Play!
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