Do It Yourself Accountant: How Difficult Could It Be?

By Jeff DeCleff


The sky rumbles ominously in the distance, heavy gray clouds blocking any glimpse of blue skies. The Earth shakes underneath you. The world begins to fall down around you. Then it strikes you - it's tax time! You scamper to the office, hardly stopping to catch a breath. Upon opening the "filing cabinet" you are washed by a feeling of sheer terror and disbelief. Paper everywhere, nothing in alphabetical order, invoices stuffed carelessly in between the birthday card from Marge and an old plane ticket. As you sink to the floor, you begin to realize the significance of good book keeping.

Let's go back to one year back. Eventually, you had made it - your own business was up and running after years of preparation, working a job you hated and planning each last detail. You stepped into the office for the 1st time with a sense of power and privilege - you had joined your favourite industry and you planned to take it for a ride. As you ran over your new list of workers you felt self-satisfied and secure, until your spouse indicated the glaringly apparent - you had forgotten to designate a bookkeeper. You laughed, "A bookkeeper in Perth? Certainly I am able to look after that."

Patrons came and went and you started to build a name for yourself. You had a wonderfully good book keeping system. Invoices and invoices went in a pile on top of the fridge. Costs were all scribbled down on the back of an open envelope, which was always carefully stored where ever it was last used. The rest went in a neat and tidy "misc" pile, often found under the desk or in amongst the waste paper basket. Manifestly your system was pristine and hiring a bookkeeper would have been a waste of money.

As the months rolled on, you could just feel how well your business was doing. You hadn't checked your bank balance in a while (would not want to jinx it), but there always used to be spare gold coins laying around, so that had to be a good indication. With all of the profit you were certain to have made, you let your mind wander to lavish meals and gold plated vehicles.

Back to the present - you sit at your personal computer, madly reading thru the document titled "Bookkeeping". Not only will it throw you with technical terms and examples which would be more helpful in hieroglyphics, it has already disproved everything you presumed you knew about book-keeping (and you are only a paragraph in). As you slump back in your office chair, you've got your first sensible thought in a year - maybe I should hire a bookkeeper.




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