Tips from TAP – Common Accounting Mistakes in Small Businesses – part 2

  1. Hiring the Wrong Office Staff
    If the person in charge of doing your books doesn’t know what he or she is doing, you’re the one who pays for any errors. The other risk of hiring someone who is not a professional is that the person could easily engage in criminal activity like embezzlement or theft. It happens more often than you think.
  2. Unwilling to Delegate
    Small business owners are often unwilling to delegate bookkeeping to professionals yet business growth depends upon it. Simply, you must be willing to let other people do their jobs while you do yours.
  3. Poor Communications
    Poor communications between you and your bookkeeper can result in serious mistakes in your records and result in everything from impossible to reconcile statements to inaccurate key financial data. The bookkeeper needs to know when to file paperwork and how to interpret facts about assets, taxes and other matters.

Call TAP …What do we do best?? BOOKKEEPING!!

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