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Bookkeeping

Updated on September 26, 2012

The blackest art?

I don't use MYOB. I have other software, having seized a one-year-free deal without knowing what it meant.

I now pay for updates each year that cost more than the original program.

Worse, I chose a version to handle five staff, who all had to go when my No. 1 client ditched me retrospectively.

But that's another story.

My data can't fit into a lesser version, so I'm trapped.

Worst of all, I don't use the damn thing!

The Black Art of Bookkeeping

I hate bookkeeping and I hate Business Activity Statements.

I hate them so much I used to think about going back to corporate life - and that's saying something.

Then I read The E Myth by Michael E. Gerber.

His Chapter 4, Adolescence: Getting Some Help, spoke of the joys of hiring a bookkeeper.

So I did.

Suddenly, reams of receipts and hours of begging software for mercy were replaced by a prim, efficient gentlemen who visited quarterly for two years.

I washed my hands of the whole filthy affair and concentrated with glee on my main game.

This worked fine, until Mr Prim* made a $10,000 error which didn't come to light until too late.

The feasting occasioned by my huge tax return (and all the delights it promised) was replaced by an icy, empty feeling very much like a broken heart.

Mr Prim and I have long since parted company.

The moral, of course, is that you can't abandon whole tracts of your business without running big risks.

You must keep at least a fingerhold of understanding and control in every area.

If you can't, you may not be cut out for this caper.

I see this, but I still hate bookkeeping and its software.

Invitations to courses?

Binned.

Online tutorials?

Unopened.

It's pathological!

So, this is a lens in which I ask for your advice, opinions and stories.

How do YOU handle the black art of bookkeeping?

What do YOU think?

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    • profile image

      campbelltown-bookkeeper 6 years ago

      This is puzzling - Why are you paying for upgrades on software that you're not using? NOt sure why you think that you're trapped!

      Sounds like you need some Professional Help with your bookkeeping - email me HERE for a solution to your dilemma

    • PaulHassing LM profile image
      Author

      Paul Hassing 6 years ago

      @christene96: Yes I do, so long as you know how to use it. Which I don't, unfortunately! :(

    • profile image

      christene96 6 years ago

      nice post! dont you think that an accounting software can do a better bookkeeping as manual ways?

    • PaulHassing LM profile image
      Author

      Paul Hassing 6 years ago

      @sirkeystone lm: What a scary story! Looks like I'm not the only one who's had trouble. I'm sorry to hear of your misfortune. But grateful you chose to table it here for our benefit. Many thanks! :)

    • sirkeystone lm profile image

      sirkeystone lm 6 years ago

      When I owned my photo restoration shop I had optioned to have the business version of a popular software. It wasn't too awful expensive and the book keeper I had at the time took my backup disk to her office once per quarter and I picked it up with my finished tax forms. Unfortunately, I allowed a family member to run our books for the carpet store and ended up finally going bankrupt on $250,000 and $30,000 was US taxes...

      Anyway, so I have been on both sides of that stick and I don't like them either...