. https://www.pymnts.com/news/b2b-payments/2020/how-bookkeeping-capitalizes-on-young-digital-first-smbs/

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SHARESHARESHARE
HOW BOOKKEEPING CAPITALIZES ON YOUNG, DIGITAL-FIRST SMBS
An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. Yet, the burden of financial management, from tedious data entry to compliance challenges, is a nonnegotiable part of starting a small business (SMB). Waseem Daher, CEO of Pilot.com, recently told PYMNTS that this burden was felt acutely within two previous businesses he had founded, leading to a wake-up call. “In our very first company, we were totally bootstrapped — and because of that, we had to be very frugal, so we did our own bookkeeping,” he said. “In retrospect, it was a big mistake. It’s not a high-level use of any founder’s time, but it opened our eyes to the problem.” READ MORE