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Startup Accounting Missteps

When launching a new business, accounting and bookkeeping missteps can slow growth, create cash shortages and add risk. Common pitfalls include poor expense tracking, skipped account reconciliations, mixing personal and company finances, worker misclassification, lack of preparation for tax obligations, and lenient accounting systems and controls. Getting these basics right early helps your start-up build a strong financial foundation. In addition to helping you design and implement sound financial systems and procedures, we offer interim CFO and bookkeeping support as you find the right talent. Contact us to learn more.