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by TheNewsIsHere
297 days ago
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As a small business owner, I spend a lot of my time doing things by the book. I get confused by other small business owners who complain about this because it’s all stuff you’d need to do anyway. I use a double entry accounting system in an ERP. This isn’t terribly complicated. I took courses on corporate accounting in college and I took the ERP training. Even if I didn’t have all of that, I’d still have to actually do the accounting in a double entry system because of the legal jurisdiction and corporate structure. I think that this is a byproduct of the economy being filled with small businesses owned by people who aren’t competent at operating their business as a business, which isn’t the same thing as being successful at making money. |
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You are an exception.
> I use a double entry accounting system in an ERP.
Not only this requires someone knowledgeable enough but it is also time/energy consuming. If you force this on every small business, you'll probably kill something like 95% of hair-dressers.
Honestly, I don't think this is a problem. If we are scrutinizing a bakery, I'd rather the scrutiny to be put on health/food concerns rather than employee hiring practices. That is assuming the bakery employs less than 6-7 people.