If you’ve ignored your books for several months prior to hiring an accountant, expect to be charged for deferred bookkeeping. The cost to get you up-to-date may not be as high as your monthly charge, but it’s important nonetheless. I recently met a business owner who had not performed a month-end close for over six months while he struggled to install an over-sophisticated computer system. It does not have to be that complex!
—Vince DiCecco, Your Personal Business Trainer