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The 5 Days of Christmas......Accounting Style

Dec 16, 2008

On the first day of Christmas my part time help found a box of uncategorized receipts for the year.

On the second day of Christmas my part time help found 2 unpaid invoices from 6 months ago and a box of uncategorized receipts for the year.

On the third day of Christmas my part time help found 3 returned checks, 2 unpaid invoices from 6 months ago and a box of uncategorized receipts for the year.

On the fourth day of Christmas my part time help found 4 checks to deposit, 3 returned checks, 2 unpaid invoices from 6 months ago and a box of uncategorized receipts for the year.

On the fifth day of Christmas my part time help found 5 IRS LETTERS, 4 checks to deposit, 3 returned checks, 2 unpaid invoices from 6 months ago and a box of uncategorized receipts for the year.

Do these verses look familiar? The New Year is a perfect time to think about starting a manual or software accounting system for your business. The key to using either system is in the initial set-up. Software company's advertise how "easy" it is to get started using their accounting package, and it is. Everything is great until the business owner has his taxes prepared or tries to get a loan only to find out the set-up was incorrect from the start!!!!!

 

Has anyone had a similar experience? How easy was it to fix the problem?

 

Unless you have an abundance of time on your hands, make sure you have an accounting professional set up or review your work prior to inputting data the first time.



Tags: Accounting
Category: Accounting

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