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While I take your point, I often see people who don't really understand accounting avoid the topic entirely by fully outsourcing the preparation of their financial statements. This often leads to disaster because I've noticed that if you're not really on top of your outsourced service provider, they get sloppy/lazy and make lots of mistakes.

Get good providers. Biz 101.

Outsourcing your financials is another way to get burned as an entrepreneur.

Everything you don’t do yourself is a great way to get burned, but that’s no way to run a business. Intelligent outsourcing and delegation is essential. Read “The E-Myth”

I have a really bad personal experience of that. Mental health should be way more important than saving some money on doing your account yourself. I hope everyone here follows your advice!