Wow, if only I had a nickel for every time I've heard that one.
You know who’s never in the room when a business owner makes that comment? The spouse.
I am about to give you a cheat-sheet that will guide you through this terrible idea, in the hopes that your decision will change when you’re done.
I get it. When you have 3 nickels in your business checking account, it makes perfect sense to think long and hard about hiring someone to help with your accounting needs. It’s ironic that this is also the time that you need someone the most, isn't it?
How your hard-earned money is accounted for affects more than your bank account. Accounting records are used for preparing tax returns, applying for business loans, and enticing investors to help you out. If that information isn't classified properly, then you could cause yourself some serious heartache.
Fast-forward two years. Assume you’re still married and that your spouse is still doing the accounting for your business.
Shoving something you don’t have time to do onto someone who doesn't have the expertise can cause some tense moments at your office, and at your house. Trust me. But, if your spouse is willing to continue to help you, it could only help matters to have a professional who can serve as a resource to him/her. You started this business to enhance your life, not fast-track your ride to divorce court. But if you take for granted that accounting is “no biggie” and your spouse “can just handle it”, you may be in for a bumpy road.
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