Your Financial Record (Keep It Simple, Stupid)


I have read several articles about financial record keeping over the past few years that scared me to dearh-unril I remembered I am an accountant.

I have been practicing accounting for over 24 years and have instructed continuing professional education classes for 20 of those years. Every five years or so, I feel obligated to singlehandedly unravel the confusion surrounding the generally accepted tax accounting principles.

Understand, now, that the accounting discipline is a make-work profession (similar to the practice of law). Accounting principles always remind me of Napoleon's battle strategiesdivide, confuse, conquer. The less complicated one's record keeping is, the less professional help one will...