Wednesday November 6, 2013
Starting your own business is a great way to manage your career. You will be able to choose your own path, plan your own business directions, come up with various marketing strategies and ways to advertise your business, and create a more definite picture of your future goals.
However, every successful business may experience mistakes or bigger failures. Fortunately, most often than not, failures and various business mistakes can be prevented from happening. One best way to prevent such is by means of knowing and learning more about the common mistakes that businesses of various industries experience.
In the field of bookkeeping, there are the ten common start-up bookkeeping mistakes that should be prevented. We have gathered the information below:
UNORGANIZED BANK STATEMENTS
One of the best ways in preventing faults and missing bank statements is to arrange and organize it. It is indeed a must, that due to the technology today, more and more people are relying on their soft copies. Unfortunately, it is not advisable.
HAVING AN UNORGANIZED PURCHASE INVOICES
Same as the previous step - a bookkeeper must have her invoices organized. For in such instances that you need to pull out some records, you can easily do so. Furthermore, it lessen the risks of errors and late fillings.
NOT PAYING BY CARD OR TRANSFER
Want some bookkeeping services - FOR FREE? Then let your bank do so by paying your accounts and settlements via card or via bank transfer. Every time you settle an invoice via your card or bank transfer, a record of the transaction remains. Such record can easily be retrieved through the bank's website (via your registered user account) or can be requested on atm machines and directly through the bank. For small businesses and start-ups, this step is really a big help and a great start.