I’ve been working with small businesses for over 25 years and during this time I’ve picked up some wisdom about how the accounting job works. Here are a few one-liners that have stuck with me over the years:
Every business needs a strong accounting system in order to be successful.
QuickBooks isn’t an accounting system, it’s a piece of software.
Your accounting software is only as good as the person who’s using it.
It’s not a sale until the cash register rings.
Keep your powder dry. (Translation: “Remember to keep cash reserves.”)
Running a business without looking at your financials is like driving in the dark without headlights.
88% of spreadsheets contain errors.
Behind every successful business is an accountant silently preventing disaster.
The secret to great accounting is repetition.
I’m not arguing, I’m just explaining why the numbers are right.
From the desk of Will Keller