10 Things You May Be Missing By Doing Your Own Bookkeeping

  • Not putting assets & loans on the books, not splitting principal & interest

  • Not recording payroll properly - wages & taxes

  • Not recording POS sales & fees correctly

  • Not categorizing transactions properly - gas as travel, etc.

  • Not reconciling bank & credit card accounts

  • Mixing business & personal - not recording business expenses purchased with personal funds

  • Not recording depreciation

  • Not looking at financial reports

  • Missing tax deadlines

  • Not seeking professional help


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