Essentially, every business owner is a DIY type and is eager to learn a new skill. Accounting is no exception. Most business owners learn what P&L means on the go, as part of their operations. If not, then they would not last long.
Accounting software companies like Intuit, Xero, AccountEdge or Wave, to name a few, develop and market their products primarily for small business owners, capitalizing on their DIY trait. Their programs are cloud-based, offer user-friendly interface, auto-updates, auto-backup, and automatic bank feeds.
No wonder that public interest in cloud-based accounting is on the rise. In August of 2016, the number of Quickbooks Online subscribers reached 1.5 million, while Xero customer base exceeded 717,000 in July 2016.
Despite an abundance of great tools and gadgets on the market, DIY accounting remains time-consuming. According to a 2014 survey of SCORE, a small business mentoring organization, about 40% of business owners say accounting and taxes are the single worst part of owning a business. When there is only so much productive time in a given day, many business owners debate whether it is time to hire a professional.
If you are in doubt whether to DIY or not, Green Collar Bookkeepers are here to help! We offer our services on a flat rate subscription basis that keeps you in control. Please contact us now to discuss a DIY Review option where we serve as your Quality Assurance team, or to learn more about any of our three subscription packages.