Small businesses seem to always bear the brunt of decisions made outside of their control, they bear full responsibility if their business fails, but they are expected to account for more and more in a world where technology should make it more and easier.
Around the world there is an increasing burden on small businesses to pay more taxes, pay more money in fees, licenses and insurance with little or no return. Gone are the days when mom and dad could decide to work for themselves with very little fuss.
If it wasn’t for the tax collector, small businesses would never use accounting software.
Let’s face the real facts, I don’t know of any small business owner who is going to come out and say that they love accounting and that their business thrives because of it. In reality, most small businesses find bookkeeping a burden on their time and they ONLY do it because they need to account for income, expenses, and sales tax.
Sales tax is one of the biggest winners for most governments, but they burden businesses with the job of collecting it. Obviously, it’s not just the burden of small businesses, but unlike large companies that employ specific people to do this task, small businesses are usually always moms and dads juggling for income only to find that their day isn’t ends when you get home. They are then subjected to the indignity of spending their time calculating, reporting, and remitting the cash cows of taxes to government departments.
In the end, it’s not going to go away, so some might say I’m complaining and should go back and hide under the rock I came out of. I fully understand this, but the point I’m trying to make is that bookkeeping has become a burden for many small businesses.
How do we resolve this burden?
I don’t think there is a way to completely solve it, as at this point in this century there is no way around it, maybe in a couple more centuries we will have figured out an easier way. So we can also do the next best thing, do the least and nothing else.
Why are we trying to overcomplicate everything? We buy large accounting software that is tedious and requires hours of effort just to do a few transactions. I do think it’s great to see all those reports and all those Balance Sheets and Summaries, because after all that’s what the salesperson or accountant told us we needed.
But in the end it’s time to stop and ask yourself a question. “When did any of that help you make more money?”
For the most part, accounting chases after old money and doesn’t help you make new money. Yes, it can sometimes be helpful for small businesses to see where some of the money is going, as it can help them see if they are wasting money in areas where with slot bonus new member 100 better management they can put more money back into their own pocket. But this is what all accounting programs do anyway, in fact they are just big calculators and with a little bit of basic math you could do it without the program.
Because we have to account for more and more, it has become almost necessary for every small business to use an accounting program, the point to remember is if you need all those things that waste so much time. In the end, you wouldn’t be using the program if you didn’t have to report to the tax collector, so why make your life more difficult than it already is?
