Why Is Bookkeeping So Bad In Most Small Businesses?

In most small businesses that keep their bookkeeping in-house, bookkeeping is done poorly.

And most small business owners don’t even realize how many problems their in-house bookkeeping is causing.

The bookkeeping system performs very badly because of how it begins.

-- The Typical History Of Bookkeeping In A Small Business

The business owner lacks experience and expertise in bookkeeping and accounting.

Still, the owner assumes he needs to keep the bookkeeping in-house.

Because the owner doesn’t want to pay much, he hires a bookkeeper willing to work for $15 to $20 an hour or less. To hire a fully competent bookkeeper would cost more.

The bookkeeper hired is usually able to do only about 75% to 80% of what needs to be done.

This leaves a competence gap that creates big problems for the business.

But with current network technology and cloud computing, you can completely outsource your bookkeeping and accounting!

I explain all these things in more detail in the video below.