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The Most Common Bookkeeping Mistakes for Owner Operators

Biggest Bookkeeping Mistake I’ve spoken to many owner operators and quite frankly the biggest mistake I have seen is pretending bookkeeping doesn’t exist.  Better yet, “doing the books” once a year for taxes only! Next Most Common Bookkeeping Mistake Tied closely for second is keeping incomplete or outdated books, but at least you tried for […]

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A vibrant and detailed illustration that captures the concept of "Perils of DIY Bookkeeping." The scene is set on a winding road symbolizing the journey of managing one's own finances and bookkeeping. Along the road, there are several pitfalls, each representing a common mistake in DIY bookkeeping. These pitfalls include a large hole labeled "Missed Deductions," another pitfall with a sign that reads "Unorganized Receipts," and a third marked "Incorrect Filings." The road is surrounded by a chaotic landscape of scattered papers, calculators, and financial documents, symbolizing the overwhelming nature of bookkeeping tasks. The atmosphere is a little humorous yet cautionary, highlighting the challenges and potential errors one might face when attempting to manage their finances without professional help.

The Perils of DIY Bookkeeping: Top 5 Mistakes You’re Probably Making

As a seasoned bookkeeping professional, I’ve seen my fair share of DIY disasters. There’s a reason why bookkeeping is a specialized field – it’s not as straightforward as it seems. If you’re a business owner trying to manage your books on your own, kudos for your determination. But beware, the road to financial clarity is

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Are you protecting your most valuable asset?

What is your most valuable asset?  Great question, but the answer can go in many directions.  Do you think it is your physical assets or intangible assets?  What’s the one thing you can’t replace in your business?  That is your most important asset.  I think you would agree that human resources (you) are the business’

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