I have more work to do!!!

Right now in my life the phrase “I have more work to do” is repeated often.  Work, class and home are all full of projects and other things to be done.  That isn’t what this post is about.  This post is about some changes I made earlier in the year at work and will have to tweak in the near future.  Earlier this year I made a major change to our chart of accounts.  ***If you hate accounting don’t click away just yet because there is a deeper lesson here.***

Our chart of accounts had become way to large and so we moved to a simple chart of accounts and utilized department categories.  All of that is great and is working well.  To get a chart of accounts right, you have to understand what information management needs to make decisions.  Then you can group costs into these categories (accounts) and provide better information.  Well, I missed some things when doing our chart of accounts and have found some information weak spots.  The good news is that I will probably simplify it more and breakout events and projecs seperately.

The main point of this post isn’t setting up chart of accounts, but having the willingness to make the necessary changes to continuously improve.  When you encounter problems in something you have done, don’t give up or blame someone else, take ownership and learn from it.  I had two instances this week where I made major mistakes.  I could have easily blamed someone else or deflected the failure, but instead I took it as an opportunity to learn.  Through that I have guarded myself from making the same mistakes again.

Take chances, fail, learn from it, and improve.  Along the way if you figure out a great chart of accounts….let me know!!!!