Is Your DIY Bookkeeping Working Out For You?

Jul 1, 2020 | Bookkeeping

Are you a DIY business owner? (When you have a task and no one to do it, you just do it yourself.) Like many entrepreneurs, you DIY whether or not it’s not the right thing to do for your business. You DIY even when it’s not what’s best for you.

Maybe you skip lunch and sometimes even dinner. You work late every night. Then, you also make sales calls and you do postal runs. You answer the phone, always by the third ring; and you even DIY professional tasks like bookkeeping.

We’re Not Trying to Criticize Your Great American DIY Spirit

As bookkeeping professionals, we try to look at the upside of everything. We think it’s admirable when a business owner gets into the numbers. It’s a good way to stay on top of a company’s financial status. We still feel compelled to drop an occasional hint about the risks some business owners take when they perform critical tasks that call for a pro. (Even when they do it with a really cool smartphone app.)

The thing about DIY bookkeeping is that it might not be the best thing for either you or your business. No matter how successful you become, your financial data controls your company’s economic destiny. It defines your profits and losses. Determines compliance with IRS, FICA, ERISA, and other regulations. It has to be right.

Your bookkeeping system is an important tool for documenting your company’s finances for those who matter. It must reflect accuracy, timeliness, and it must be detail-oriented. It shouldn’t be a task you do because you want to save a little money. Even if you’re wedded to DIY practices and principles, you should consider that a professional bookkeeper can perform bookkeeping tasks better than you.

Why Work with Goode Bookkeeping and Consulting?

The Small Business Administration resource, Managing Your Finances provides financial insight for small businesses. It acknowledges DIY strategies, but it also makes several other recommendations. These include:

  • Get the accounting help you need.
  • Consider hiring a Certified Public Accountant because of their formal accounting education.

Goode Bookkeeping and Consulting has you covered in both respects. Our founder, Shannon Goode, is a CPA. He’s managed financial resources for Fortune 500 corporations and small investment management companies. He has 20-years of experience providing outsourced bookkeeping services. As well as gaining the trust of many local business owners.

Shannon’s skill, experience, and professionalism are the foundation of his bookkeeping business. He understands what your small business needs because he operates a small business himself.

Contact Goode Bookkeeping and Consulting

If your DIY bookkeeping isn’t working out for you, give us a call. We provide virtual bookkeeping and other virtual back-office services. That’s pretty important during this unpredictable time when social distancing is essential. Contact us at (860) 659-6543 to learn more about our company or to schedule a free consultation.

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