5 Bookkeeping Blunders That Can Sink Your Small Business
How a Virtual Assistant Can Be Your Hero Running a small business is a whirlwind. Between marketing, sales, and keeping your customers happy, it's easy to let bookkeeping fall by the wayside. But neglecting your financial records can have serious consequences, from inaccurate tax filings to missed deductions - yikes! Here are 5 common bookkeeping mistakes small businesses make, and how a virtual assistant (VA) from Codisys can help you avoid them: Mistake #1: The Shoebox Shuffle This one's a classic. Receipts crammed in a box, invoices scattered across your desk - a recipe for financial chaos. How a VA Can Help: Your virtual bookkeeping whiz will establish a system for collecting and organizing all your financial documents, whether digital or physical. They'll categorize receipts, reconcile bank statements, and ensure everything is neatly filed for easy access. Mistake #2: DIY Disaster Many entrepreneurs wear multiple hats, including "bookkeeper." But without pr