These are a few reasons why you should not attempt to DIY your bookkeeping, no matter how small your business is:
Handling bookkeeping for a business is more time-consuming than you think. Unless you have a lot of spare time on your hands, you might find that it requires more of a time investment than you are prepared for. This can take time away from focusing on what you love and taking care of your customers.
Cleaning Up Your Mess Can Be Expensive
You may want to avoid hiring an accountant to help with your bookkeeping because of the cost. However, you should know that hiring someone now will typically be cheaper than hiring someone to clean up and organize your bookkeeping mess later.
It Can Cause Tax Issues
It is critical to ensure that your taxes are done properly to prevent either overpaying or getting in trouble with the IRS. You will also need to have immaculate records that you can present in the event of an audit. Handling these things on your own with no experience can be tricky. Hire a bookkeeper to keep organized records just in case the IRS needs them later.
You May Not Have the Appropriate Records
Along with ensuring that you have the right records for the IRS, you should also ensure that your records are neatly kept for potential investors, banks and more. Luckily, a professional bookkeeper can help with this.
As you can see, handling your own bookkeeping not always a good idea. We are here to help and have pricing options for your business!