Comment by jimnotgym
1 year ago
There is a bigger lesson here. When you are creating something new it pays to understand what came before. Do you need to disgard everything?
I gave a boorish lecture to a junior accountant recently...
When you make things up yourself it is just you and Excel. When you use double entry you have 100s of years of history to fall back on. https://en.m.wikipedia.org/wiki/Double-entry_bookkeeping
Though there's a weirder life lesson here : a lot (most / all ?) of successes come from founders not having enough experience to know just how difficult their enterprise is.
More experienced founders would take a look at it and immediately nope out of it, and so not achieve success (after a grueling amount of work).