As a small business owner you are often forced to wear many different hats. This makes becoming an expert in every aspect of your business nearly impossible. While some mistakes are inevitable, there are few that you should try to avoid when it comes to accounting.
Have you ever swiped the company card for personal expenses? What about adding more receipts to your files without taking the time to look at them and make sure everything is adding up? These mistakes, while seeming insignificant, may lead to turmoil down the road.
By keeping up with all of your expenditures and reviewing your accounting reports you stand a much better chance of seeing success as your business grows! Keep up with your accounting reports and work with your bookkeeper and accountant to help to accurately measure your levels of success!