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Top 10 Bookkeeping Mistakes By Small Business
jjjacob811
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5-31-2007 8:48 PM
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bookkeeping
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business
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8e45ddbb-ab97-4745-8813-d0464e7988d0/9DBA7449-820F-42EF-8274-8DA8863ABECE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html" href="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html" style="font-size: 11px;">accountinghelpdesk.blogspot.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><H3 class="post-title"> <A href="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html" linkindex="62" set="yes">Top 10 Bookkeeping Mistakes By Small Business</A> </H3></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Not saving receipts of less than $75:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Doing it yourself:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Forgetting to track reimbursable expenses:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Not properly classifying employees:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Lack of communication:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Not reconciling monthly:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>No backup:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Not deducting sales tax:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Petty cash nonchalance:</U></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://accountinghelpdesk.blogspot.com/2007/05/top-10-bookkeeping-mistakes-by-small.html"><U>Miscategorization or overcategorization:</U></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9DBA7449-820F-42EF-8274-8DA8863ABECE/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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