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Top 10 Bookkeeping Mistakes Small Businesses Make and How to Avoid Them

Less Accounting

To avoid this, open a separate business bank account and use it exclusively for business-related expenses. Get Caught Up Overwhelming by bookkeeping backlog? Not Keeping Proper Records: Poor record-keeping can quickly spiral into a bookkeeping nightmare. We can help!

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15 Important Signs That You Need a New Bookkeeper

Remote Quality Bookkeeping

If your bookkeeper fails to own up to their mistakes, you should look for a replacement. Your Bookkeeper Doesn’t Do Bank Reconciliation Your business bank statement and your business records should match. This so-called bank reconciliation is the best way to keep track of all your financial transactions.

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Unlock Efficiency with Small Business Accounting Software

Nanonets

This eliminates the need for manual record-keeping and reduces the risk of misplaced or lost documents. It offers features like online invoicing, bank reconciliation, inventory tracking, and customized financial reporting. It offers features such as invoicing, expense tracking, receipt scanning, and bank reconciliation.