Top 5 Bookkeeping Mistakes Small Business Owners Make (And How to Fix Them!)

Bookkeeping mistakes might seem small, but they can cost you big. Here are the top five errors small business owners make—and how to avoid them.

❌ Mistake #1: Not Keeping Receipts
💡 Fix: Use a digital app to scan and store receipts for easy access.

❌ Mistake #2: Mixing Business & Personal Finances
💡 Fix: Open a separate business bank account to keep finances clean.

❌ Mistake #3: Ignoring Cash Flow
💡 Fix: Review your cash flow weekly to ensure you always have enough to cover expenses.

❌ Mistake #4: Forgetting to Reconcile Accounts
💡 Fix: Compare your bank statements with your bookkeeping records every month.

❌ Mistake #5: Waiting Until Tax Time to Organize Finances
💡 Fix: Stay on top of your books year-round to avoid last-minute stress.

📢 Tired of bookkeeping headaches? Let Tally Titans Bookkeeping keep your finances organized while you focus on growing your business. Book a free consultation today!