Doing your accounting is like flossing your teeth.
No, scratch that. It’s like doing laundry.
Nope, still not right. It’s like getting an oil change at Jiffy Lube.
OK, close enough. Let’s put that in bold letters and run with it.
Accounting is like getting an oil change at Jiffy Lube!
Or at least it can and should be. What’s good about Jiffy Lube?
- It’s fast.
- It’s cheap (especially compared to major engine work).
- It’s not disruptive.
- When it’s done, you’ll feel better.
- And a year of oil changes costs less than one-time major engine repair.
Here’s the thing: Most people treat accounting like major engine repair instead. They wait for a problem or a critical issue to arise (namely: tax time), and then they bring their baby in to a trained professional to make everything good again.
That’s the wrong way to think about your relationship with your accountant.
Sure, your accountant is a skilled professional and they’re well qualified to do the major repair job. But he or she will tell you: They can help you better if you approach your small business accounting like an oil change at Jiffy Lube: Do it often, throughout the year, with a series of inexpensive, low-stress sessions, maybe once a month or so.
Here’s why this is a great idea:
Like an oil change, a regular accounting or bookkeeping checkup is fast, easy and inexpensive. It’s far less scary than a major work order, too, and it gives your accountant a chance to clean up little issues as they arise.
Like an oil change, a regular accounting or bookkeeping checkup makes sure that everything is set up for optimal performance.
Like an oil change, a regular accounting or bookkeeping checkup tells you what needs attention, well in advance of a crisis.
But the big selling point is the dollars in your pocket: For most people, a monthly check-in with an accounting professional, including year-end tax preparation, will result in a lower bill than just seeing them once a year.
Yup. That’s right. Less stress, less hassle, and less money you have to pay — especially when you factor in the extra deductions your accountant will be able to get you.
OK, now what?
Since we believe the Jiffy Lube model of accounting to be better for your bottom line, we want to do our part to make it easy for you to get the best help. So we’re working with specially selected accounting professionals across North America to provide you with this kind of service. Take a look at the new Pro Services section in Wave.
With no obligation, Wave will connect you with an accounting professional who can help you explore your options. You'll pick a time that works for you, and book a virtual meeting and consultation (by phone or Skype). Together, you'll get an understanding of your accounting needs, decide whether a regular checkup is the best option for you, and agree in advance about any costs. You're in control of the whole process.
And, yes, if you just want someone to file your taxes at the end of the year, you can get that too.