accounting books bookkeeping finance business management

The Cost of Getting Your Books Up to Date

Vince DiCecco is a dynamic and sought-after seminar speaker and author, with particular interest in business management/development and marketing subjects. With over 20 years experience in sales, marketing and training, he is presently an independent consultant to businesses looking to sharpen their competitive edge. Vince addresses a wide range of topics focused on nurturing customer loyalty while improving profitability. He may be reached via email at vince@ypbt.com.

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

Learn more about accounting in the May ’19 issue of A&E.