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by pkrotich
1642 days ago
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It's absolutely your best interest to learn at least the basics as business owner. I did so myself - I still do QuickBooks, but I have a cautionary tale. Learning account is great - it helps you to understand P&L and BS etc - but what you really need is managerial accounting knowledge. I made a mistake of thinking bookkeeping was accounting and ended up not doing good tax planning etc - let's just say I'm still paying for it. Painful lesson! I would highly recommend still keeping a CPA around - make sure they're truly into Managerial Accounting. |
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