Common Bookkeeping Errors Businesses Make and How to Avoid Them скачать в хорошем качестве

Common Bookkeeping Errors Businesses Make and How to Avoid Them

Most business owners think bookkeeping is just data entry. Even many accountants treat it as a low-value task compared to year-end accounts and taxation. But in reality, bookkeeping is the foundation. In this video, I break down the worst bookkeeping mistakes businesses make — mistakes that silently impact cash flow, profits, taxes, and decision-making. I’ve seen profitable businesses struggle not because of poor sales, but because of small bookkeeping errors that compound over time. 🔍 What you’ll learn: Common bookkeeping errors businesses make How bad bookkeeping affects profits & cash flow Why clean bookkeeping is critical before year-end & tax filings How to avoid costly mistakes with simple systems Why bookkeeping is not just compliance, but a business tool If you’re a business owner, founder, or finance professional, this video will help you understand why getting the basics right matters more than you think. 📊 Clean books → Better decisions → Stronger business 👍 Like the video if you found it useful 📩 Share it with a business owner who needs this 📌 Subscribe for practical accounting, bookkeeping & tax insights 🔗 Join our WhatsApp Community https://chat.whatsapp.com/EwWKpTRfMcT... 🔗 Follow us on LinkedIn   / ace-acca   00:00 - Introduction 06:15 - Mixing Personal & Business Expenses 9:55 - Missing Supporting Documentation 12:30 - Incorrect VAT Codes 14:30 - Reconciliation 20:00 - Expense Misclassifications 21:15 - Ignoring AR & AP 22:00 - Communication 24:35 - Missing Deadlines 26:00 - Data Protection 26:58 - Monitoring Cash Flow 29:00 - Regular Financial Review 31:35 - Summary