Accounting is more thanjust a necessary evil

Many business owners think of accounting only as a necessary evil, something that has to be done to prevent problems, but which offers no real intrinsic benefit. Bookkeeping is (perceived as) boring.

However, few would agree that saving $13,500 over the course of one lunch is boring.

That is the benefit one owner received. Over the course of one lunch conversation, it was discovered that a friend had put some cash into his business. Because of the way the entry was recorded, he was facing a higher tax liability. By changing only that one entry, we saved him over $13,500 in taxes. Now THAT’s exciting!