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Commingling Business and Personal Accounts Let's face it; it is not good business practice to blend business and personal finances. Not only does it make it difficult to track business transactions and make cash flow management difficult, but it takes away a business's credibility. Are you looking for someone to manage your books?
Due to a lack of knowledge of proper accounting procedures and regulations, many small business owners often make costly bookkeeping errors in their early years of operation. Here are 5 of the most common bookkeeping mistakes small business owners make. All in all, bookkeeping is best to be left to accounting professionals.
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