Tax Planning for Small Businesses

Hello everyone, my name is Donna Molin, and I've dedicated my career to the world of bookkeeping. As a certified professional, I've witnessed the financial transformations that can happen when businesses recognize the true value of focused and dedicated bookkeeping. Today, I want to talk about an often misunderstood aspect of the bookkeeping role—multitasking.

One of the most misguided expectations for a bookkeeper is that they should be able to multitask. This notion is especially concerning when applied to a highly skilled professional who requires focus and concentration to execute their job accurately.

Serious business owners understand the value of dedicated bookkeepers who can work with precision and attention to detail. Traditionally, the back office was designed to be away from the hustle and bustle of the front office, allowing the financial team, including the bookkeeper, the necessary silence and concentration to maintain accurate records.

By expecting a bookkeeper to multitask, you inadvertently undermine the financial stability of your business. Bookkeeping demands deep concentration to manage intricate account lines and ensure the financials are accurately recorded in software like QuickBooks. Multitasking, on the other hand, implies a willingness to sacrifice quality for the sake of doing more at once.

Multitasking not only disrupts the momentum needed for productivity and efficiency but also leads to more errors and wasted time. If a bookkeeper is forced to multitask and ultimately makes mistakes, they'll need to spend additional time fixing those errors, further disrupting the financial health of the company.

In conclusion, expecting multitasking from your bookkeeper can result in disorganized and inaccurate financial records, which can jeopardize your business's success. Concentration and focus are the keys to maintaining a strong financial foundation for your company.