10 Bookkeeping Mistakes Small Businesses Should Avoid

Contents 1. Not devoting enough time to the bookkeeping process2. Not keeping a record of small purchases3. Being overly dependent on an accounting software4. Failing to carry out basic account reconciliation5. Not knowing the distinction between cash flow and profits6. Using the DIY Method of Bookkeeping7. Not allotting proper budgets for each project8. Combining personal … Continue reading 10 Bookkeeping Mistakes Small Businesses Should Avoid