If you run a small business, these are the bookkeeping mistakes we see most often.
1. Reconciling late
Leaving reconciliations until the last minute means errors compound and cash flow visibility disappears.
2. Mixing personal and business spending
Blurred lines make tax time painful and put deductions at risk.
3. Ignoring superannuation deadlines
Late super is not deductible and attracts penalties. Set reminders well ahead of each due date.
Fix these before the end of financial year and you will save time, stress, and money.
