There are many times when I am at the store, restaurant or even outing, and someone from my family or group of buddies tells me “You’re the accountant, how much is this?” and asks me to figure out something in my mind. I’m going tell you in on the insider information… I’m not a mathematician. Instead, it’s an accountant. If my calculator isn’t in my vicinity, please do not ask me to calculate something. I’m going to give you a couple of other secrets too. Find below the most popular 10 Accounting misconceptions I’ve created. 1 Accounting Myth Accounting’s all about mathematical calculations. This could be closer to the reality. Yes, you do utilize math, but you also use it for an engineer, salesman lawn mowing hair stylist, etc. If you wish to be paid, you’ll need to calculate how much you owe as well as the difference if you get paid in cash, the commission percentage, etc. Accounting professionals use math in the same way. Accounting is the process of accounting for liabilities, assets expenses, income and so on… Yes; but accounting is not just about numbers. The “meat and potatoes” of accounting is actually research and telling stories. […] read more