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7COMMON ERRORS THAT BUSINESS OWNERS MAKE WITH ACCOUNTING
TODAY WE ARE GOING TO TELL YOU ABOUT THE VARIOUS MISTAKES MADE BY BUSINESS MANAGEMENT WITH BUSINESS ACCOUNTING ACTIVITIES
COUNTDOWN 1 MOST COMMON ERROR
MANUALLY FEEDING ACCOUNTING INFORMATION INTO ASYSTEMTHAT MAY BE INCORRECT…
COUNTDOWN 2 EXTREMELY RISKY MISTAKE
SAVING CORPORATE DATA WITHIN PERSONAL DEVICES THAT MIGHT LEAD TO DATA BREACH, WHICH MAY BE EXTREMELY COSTLY FOR AN ORGANIZATION
COUNTDOWN 3 INSECURE MISTAKE
WORKING WITH INSECURE NETWORKS THAT MAY LEAD TO CYBER HACKERS ACCESSING YOUR INFORMATION
COUNTDOWN 4 FINANCIAL MISTAKE
COMPROMISING WHEN CHOOSING OR HIRING ACCOUNTING SERVICES FOR YOUR BUSINESS BASED ON ONLY LOWEST PRICES
COUNTDOWN 5 GENUINE MISTAKE
USING THE PRECEDING YEARS DATA FOR REDEFINING THE ASSETS FOR THE OPERATING ACCOUNTING PERIOD
COUNTDOWN 6 NEGLIGENT MISTAKE
CLOSING THE ACCOUNTING RECORDS PRIOR TO COLLECTING ALL REQUIRED INFORMATION
COUNTDOWN 7 SILLY MISTAKE
INCORRECT IMPLEMENTATION OF TAXATION RULES DUE TO UNINFORMED ABOUT THE CHANGING TAX POLICIES
THINK ABOUT THESE VARIOUS POTENTIAL ERRORS WHEN CHOOSING AN ACCOUNTANT FOR YOU BUSINESS AND WHEN PREPARING YOUR BOOKS AND RECORDS
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