TOP 5 ACCOUNTANCY ERRORS MADE BY SMALL BUSINESSES



May 4th, 2022.



Getting into bad habits with your business bookkeeping is a downward spiral that could cost you time and money, as well as make dealing with your business finances unnecessarily complicated. Here’s some common accountancy errors and how to avoid them.


#1 – Leaving it too long
Bookkeeping isn’t the most enjoyable of business tasks. There’s always something more fun to do, like marketing, building your network of customers or even just making coffee. But it won’t go away, and HMRC can fine you for not keeping accurate records for your business. And the longer you leave it, the harder it becomes to get through all that paperwork.

Set aside an hour a week to...


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