Let’s face it. Accounting for entrepreneurs is broken. Well, it’s not that the accounting is “technically broken” – just that it’s broken as it relates to entrepreneurs. That’s exactly why our founder Spencer Sheinin started his company Shift Financial Insights. Prior to Shift, Spencer was advising and investing in emerging businesses, and each and every single one of them had the same problem: their relationship with their books was a source of major pain, rather than a source of power, as it should be. Entrepreneurs avoided their books and their bookkeepers.
The result? A hot, steaming mess of frustration…and even embarrassment.
This blog is the first in a three-part series where we dive into the three key reasons why entrepreneurs books are a hot mess and then we follow-up with what you can do to avoid it.