What Are the Biggest Bookkeeping Mistakes Small Businesses Make?

Small business owners often make common bookkeeping mistakes that can lead to financial trouble. Some of these include:

• Mixing personal and business expenses

• Not reconciling accounts regularly

• Ignoring unpaid invoices

• Forgetting to track cash transactions

• Not backing up financial records

Avoiding these mistakes keeps your business financially healthy and saves you headaches at tax time. If bookkeeping feels overwhelming, consider hiring a professional to ensure accuracy.