Avoid These 4 Common Small Business Accounting Mistakes
Category: For BusinessTags: Business Expenses, Employee Article Highlights: Reporting employees as independent contractors Not reconciling bank accounts regularly Forgetting to record payments against open invoices Not understanding the differences between cash flow and profit When you decided to open for business, you had a vision for the future. You identified a need and came up with a solution you could provide and sell, and you invested your time, your money, your knowledge, and your drive to make it into a reality. The only problem in this scenario, if you’re like a lot of small business owners, is that you did not anticipate having to handle your business’s accounting needs.