I am NOT interested in my accounting and financial results!!!

Well, most won't admit it, but financial reporting is the last thing on the mind of most biz owners.

Why the belittling of doing up the accounts, implementing accounting policies, doing tax planning and reporting to the government?

I really don't know?? Or do I?

Most accountants spend years in school in order to graduate and be of service to business people, and yet, business man believe wholeheartedly that they can be accountants because they know how to use MYOB or Accpac.

I don't blame software vendors to use the tagline "DIY accounting", "get rid of your bookkeepers forever".

But for business owners to take that in hook, line and sinker amazes me.

90% of businesses fail in the first 5 years mainly due to the lack of keeping track of their finances properly. Many end up broke, some bankrupt and many going back to getting a job.

They blame everyone else but themselves for not treating their financial statements as report cards of their business.

Why do schools give you a report card after an academic period?

It is so that the report card will tell you to either buck up or keep it up. Without a report card, nobody knows where he or she stands!

By avoiding or having a nonchalant attitude towards your financial statements, it is akin to telling your teacher that you couldn't care less if you passed or failed.

We all know what happened to the kid who did not bother about his report cards right?