With all the benefits that come from being an independent contractor, a major downside for many is having to deal with accounting. There are probably some of you out there who enjoy that stuff (to each their own), but from our discussions with IT contractors, managing the books is one of the more dreaded tasks that come with owning your own business.
Although an annoying job to have to do, accounting is a must for anybody trying to avoid bankruptcy and keep the CRA out of their hair. In this month’s contractor quick poll, we’re curious to know how you make sure it gets done. Do you handle the majority of your accounting or do you outsource it to someone else?