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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

Bookkeeping, Tax / By

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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STOP MIXING PERSONAL AND BUSINESS FINANCES

Blog, Bookkeeping, Save Money, Self Employed, separate, Tax / By

Many have written about co-mingling finances, however many business owners continue to do it.  Therefore, you get my version of the lecture.  Stop mixing your personal and business finances.  Some business structures REQUIRE you to keep business and personal separate, and while this may seem obvious, it is practiced less often than you’d expect.  Today, I want

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