There's No Such Thing as Taco 20th Day
We live by the week, not the month
What day is it today?
It’s Wednesday.
Wednesdays have a feel.
It’s also the 3rd of a month.
3rds of the month don’t have a feel.
You do stuff on Saturday that you don’t do on other days.
You feel something about Tuesday and Friday that you don’t feel about the 4th and the 27th of each month.
When you’re scheduling a dental appointment and they propose the 17th, you have to translate that to usable terms: What day is the 17th? What day is today?
Today is only the 3rd on a paper calendar. In the real world — in the flow of traffic on the street outside, in your co-parenting schedule, in the school calendar, and in your business — it’s not the 3rd.
It’s Wednesday.
Because we live in weeks, not months.
But accountants live in months.
Accountants live in months because Banks live in months.
And Banks live in months because 14,0001 years ago, banks finalized their accounts MONTHLY instead of every 4 weeks or every 47 days or anything else. (Read more of my very accurate historical description of this in: The Creation of Bookkeeping.)
But your business lives in weeks, and you EAT TACOS ON TUESDAY, not the 20th. So you need to keep your books weekly and get your reports weekly and track your money weekly, if you want to succeed.
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