Bookkeeping Pitfalls to Avoid

Want to boost profits? Evaluate your systems and processes. When it comes to bookkeeping, everyone is in a different situation whether it's DIY or outsourcing. Find out the pitfalls to avoid based on your situation.

Which category do you fit into?

You do your own bookkeeping

Are you having someone double-check your work to make sure it's accurate? Do you have the time to be thorough and educate yourself?

You've hired a bookkeeping company

Make sure they are keeping track of changing technology and know your industry.

You have a CPA do your bookkeeping

Is this costing you more? Who checks your CPA's work before it goes to the IRS? Tip: Having a separate bookkeeping company and CPA ensures accuracy, with both parties checking each other's work.

You have a well-meaning friend or relative do your bookkeeping

What the numbers mean on a piece of technology like Shopify and ever-changing technologies, requires a lot to keep up with (which is why there is value in a team). Being close friends with your bookkeeper can potentially hurt feelings if something goes wrong.

Whether you're doing your own bookkeeping or outsourcing, we want to equip you in running your business by having your books in order, so you can really grow and not have to lay awake worrying about how you will provide for your family.

If you need to outsource your bookkeeping, you can a get a free cost estimate!