The real cost of DIY accounting that you haven’t factored in.

By Sharon

September 30, 2020

When you first start a business there is a whole heap of stuff that you now need to do.  There is no doubt that you love what you do and doing your books is actually pretty exciting despite what they tell you!


The online cloud software marketers sell their products on the back of “it’s so easy” you can do it yourself.   You may even enjoy doing it, but lets look at the facts here.


How much is it really costing you?


Let’s factor in the opportunity costs you are missing out on.  To run a successful business you need to maximise your time spent on doing the things that drive sales and minimise the things that don’t.  Like the admin stuff!


Monetary wise, let’s take all the time per month that you spend on bookkeeping.  2 hours, 8 hours, 10 hours and x that by what you could have earned in your business.  Cold hard cash that you’ve missed out on.


Even if the cash doesn’t bother you, think about the family time you’re missing out on.  Those same hours you could have been spending time with the kids and the family.  Those hours that you’ll never get back.


And then there’s all the questions from the accountant at the end of the year.  Asking you why you’ve done something from 12 months ago, when you can’t remember what you did yesterday!


So yes the marketers from the cloud software solutions are right that IF the software has been set up correctly in the first place, you are able to do it yourself, but what is the “true” cost of that.


So how can MicroChilli help?   We take ALL things “accounting” away from you.  No stress at BAS time, everything is done and prepared for you.  No more worrying about receipts and whether you can claim the GST on it.  We operate on a fixed fee, with a tailored “Chilli” package for whatever your needs are in your business right now.


If you’re ready to go “from hot mess to flaming success”, the Chilli team would love to hear from you.



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