Is it possible to use a spreadsheet to do your bookkeeping? Hi, my name’s Scott Trevathan and I’m the founder of Go Global Bookkeeping. You know, 93% of spreadsheets contain some form of error, especially complex spreadsheets. Sure a lot of information can be put into spreadsheets, but getting it into a usable format can somewhat, sometimes be very, very difficult.
Think about this. If you wanted to get from A to B, you could use a horse and buggy. Absolutely. But there’s a much more effective way to get from A to B. Say, using a car. In the same way, instead of using a spreadsheet, you can use accounting software. Accounting software is built to take the information about your business and putting it into a format that you can use both for your taxes as well as to really help you drive your business more powerfully.
And hey, you can use a spreadsheet, but software for the cost of it is going to help you be much, much better driving your business moving forwards.
So if you know someone who’s still using spreadsheets to do their bookkeeping, why don’t you tag them below and welcome them into the 21st century?