I agree with you in principle, but not in practice.
Outsource your bookkeeping to Xero or Bench or wherever. As a consultant, accounting is a cost centre. You should be focusing on sales, marketing, or service delivery.
As a consultant, you are now a business. Ring the freaking bell or deliver service. That's your new job.
While I can't claim to know every jurisdiction, this is a very naive way of looking at things. Situations in which I was first-hand witness to people making (lots of) money from knowing the books well (i.e., much better than if someone else would do it):
- subsidies (like for 'innovation')
- in case of a tax audit - some junior accountant who gets tasked with the small clients at a firm isn't going to be able to defend some stuff as well as someone with skin in the game
- on bankruptcy or when talking to a bank
Outsource your bookkeeping to Xero or Bench or wherever. As a consultant, accounting is a cost centre. You should be focusing on sales, marketing, or service delivery.
As a consultant, you are now a business. Ring the freaking bell or deliver service. That's your new job.