Can’t I just write checks, make deposits, and file taxes?
If you are like most, and dread accounting, then all you’re probably doing is — making deposits and writing checks but not making any profit! And taxes could possibly either not be getting paid or are late. Even in a very small business you need to be in control of your expenses. This doesn’t just mean having the money, it means knowing what portion of your revenue gets spent for what purposes. What percentage of revenue do you spend on marketing each month? What about labor? What about supplies? If you don’t track and control these expenditures, you are not managing your business—you are just blindly hoping there might someday be a profit. Having an accounting firm handle your finances alleviates a lot of the stress of business ownership.
