10 Common Accounting & Bookkeeping Mistakes and How to Avoid Them

For the small business owner, bookkeeping is often seen as one of the necessary evils that we all must face. The tedious and mundane task of bookkeeping can often take up hours and hours of time. This is the primary reason that well over one-half of all small business owners do not keep their finances up to date on a monthly or quarterly basis. Bookkeeping, as mundane as it may appear, is actually your biggest secret weapon when it comes to business management and growth. It is only with accurate and consistent measurement of a company’s financials and other key indicators that we as business owners can effectively manage and expand our businesses.

In this report you’ll learn:

• How to avoid penalties for poor record keeping
• Why it’s important to properly categorize expenses
• How to properly classify employees
• How to properly manage and track petty cash, and more.