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by TheNewsIsHere 297 days ago
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.

1 comments

> As a small business owner, I spend a lot of my time doing things by the book.

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.

I agree with you whole heartedly that scrutiny on a business should focus on the offerings of the business.

As for whether I’m an exception — maybe. Subjectively I think I am because I perceive myself to be putting more into the “business of business” than most other business owners I know, but I also have a bit more time. The services my business provides benefits from heavily cross linking service, sales, and event/auditable data. It fits cleanly into out of box sales processes that business software assumes. When we adopted our ERP we just changed our processes instead of butchering the software. What we actually offer is, to a large extent, set-it-and-check-on-it.

I would think that is a great luxury in a way. I don’t have to do back breaking labor to make a delicious batch of croissants for the masses every day. I’d rather the croissants be tasty than the bakery’s books be perfect. As long as they’re doing what they need to stay in business.

I did have something specific in mind when I made my comment about “how hard can it be?” I think I was painting with too broad a brush. When I typed that I was recalling the FinCEN BOI filings. All of two or three pages of an online wizard asking for all the same information most secretaries of state require, and such a disproportionate outrage about even having to do it. From peers in the business community I heard a lot of “this is too complicated!” Having read the FinCEN documentation on BOI, it definitely sounded way more complicated than it ever was to complete.