Feeling Strain with Bookkeeping

[writer811]

I run my own theatre business and I used to have someone do all of my bookkeeping and records for me. However, there too many mistakes to ignore no matter who was doing the job so I took over the responsibilities myself. However, I've been feeling the strain of this lately. It seems like I spend more time keeping my theatre's records than I do actually running it. I don't make nearly as many mistakes as my previous employees but I am really feeling stressed out over bookkeeping. What do you suggest? Is it worth it to fix a lot of mistakes if I hire someone else again? Thank you for your input.

[Waynefire]

I would keep the books yourself until you are certain you can trust someone else. You may want to consider hiring an accountant as well who is bonded and insured against mistakes. Then you can avoid the penalties yourself because they will have to pay for them.

[writer811]

Thank you, Waynefire. There's not a whole lot of accountants around here, small town and all that, but I'll be on the lookout for one.

[tosaytheleast]

We know that bookkeeping is not an easy thing to do especially if you have other things to do than that. You will have tough time keeping up things but the advantage is that you keep the books to yourself and you don't have to deal with trust issues which sometimes could be the case on hiring a bookkeeper.

[melissa]

In my opnion bookeeping is a bigger headache then actually running your business lol. I agree it can be a pain an dhiring people just sometimes doesnt cut it and ends up being more work. This may sound insane but have you tried any smartphone apps for accounting? I know the iphone and androids have some pretty amazing ones out there. Some are even free.

[writer811]

In my opnion bookeeping is a bigger headache then actually running your business lol. I agree it can be a pain an dhiring people just sometimes doesnt cut it and ends up being more work. This may sound insane but have you tried any smartphone apps for accounting? I know the iphone and androids have some pretty amazing ones out there. Some are even free.

I agree completely. Much bigger headache! Especially when you love what you do so much. Handling the i's and t's is so bland in comparison. But you're right, that does sound kind of crazy! Can you give me any more information? I'm a little wary about using smartphones because it seems like they could be hacked so easily (I usually use paper to record everything).

[Youlovejordan]

Bookkeeping is a very dull job to do. Maybe it would help if you took breaks in between because I personally couldn't look at numbers all day. I agree, You should definitely try to hire someone that will do it for you.

[sillylucy]

Bookkeeping gives me headaches. I was in your shoes and at that point I just saved up some extra money, bought some software and had a friend come over to help me out. It was worth every penny and now I am back on track.

[livvi]

Writer811 - I totally sympathise with you, I used to loathe doing my books. I had similar issues with hiring individuals but I have ended up employing again, however second time around I was a little smarter, my requirements were stricter - such as qualifications etc - I paid a little more but it has been worth it. An accountant is also a good suggestion - I used to love having mine, she was so efficent and really gave me peace of mind.

[writer811]

Writer811 - I totally sympathise with you, I used to loathe doing my books. I had similar issues with hiring individuals but I have ended up employing again, however second time around I was a little smarter, my requirements were stricter - such as qualifications etc - I paid a little more but it has been worth it. An accountant is also a good suggestion - I used to love having mine, she was so efficent and really gave me peace of mind.

Thank you, Livvi. Honestly, I think I'm just going to go ahead and hire someone again. I think if I keep this up much longer it's going to start negatively affecting my business. I'll pay extra for the extra qualifications like you said, it'll most likely be worth it now.