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Bookkeeping Mistake 10: Confusing Profits with Cash Flow

by Henry H. Jones, CPA, CVB | Mar 27, 2014 | Accounting, Bookkeeping

This is part of a series of the Top 10 Bookkeeping Mistakes Small Businesses make.  To read the others, click here. Confusing profits with cash flow has been left to the last, the tenth of the top ten bookkeeping mistakes – but it’s a really important one.  You tend...

Bookkeeping Mistake 9: Misclassifying Employees

by Henry H. Jones, CPA, CVB | Feb 27, 2014 | Accounting, Bookkeeping

This is part of a series of the Top 10 Bookkeeping Mistakes Small Businesses make.  To read the others, click here. Whether you have employees or not, misclassifying them is a classic bookkeeping mistake. That may sound strange, but you need to think about your...

The First Three Steps in Your Family Transition Planning

by Henry H. Jones, CPA, CVB | Jan 29, 2014 | Transition Planning

Helping your family business transition to the next phase (or, to use a familiar phrase, preparing for your succession) is a long process.  Transition planning can be a process that is too intensive to contemplate, and so the easiest solution is simply to keep doing...

Bookkeeping Mistake 8: Lack of documentation or systems regarding petty cash

by Henry H. Jones, CPA, CVB | Jan 23, 2014 | Accounting, Bookkeeping

This is part of a series of the Top 10 Bookkeeping Mistakes Small Businesses make.  To read the others, click here. “It’s just a few dollars.” “I don’t have my business credit card – I’ll just use cash.” “Take that from petty cash – we’ll top it up later.” These kinds...

Bookkeeping Mistake 7: Not reconciling bank accounts

by Henry H. Jones, CPA, CVB | Jan 16, 2014 | Accounting, Bookkeeping

This is part of a series of the Top 10 Bookkeeping Mistakes Small Businesses make.  To read the others, click here. Running your own business affects your life as a whole – and it especially affects your finances, and your bookkeeping. Reconciling your...
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