Yesterday, emyth posted the following on twitter.
Don’t abdicate financial responsibility. Accounting and financial management systems are fundamental business controls. Own them!
For me, that is such an important attitude.
I know many business owners who are intimidated by their accounts.
Yet business success is measured by Profit. So every business owner will be more successful and will find the job of managing the business so much easier if they take the time to learn how to read and work with their accounts.
And remember, you don’t have to become an accountant. Just like you don’t have to be a motor mechanic to drive a car, you don’t have to be an accountant to work with your accounts.
Find a good accounting package that suits you. Find an accountant that will help you put it into practice. And work with it.
Remember, own your accounts!
If you have any questions about this post, email me at jim (at) accountsplus (dot) ie.