Common Bookkeeping Mistakes and How to Avoid Them!
Tuesday July 19
12:00PM – 1:15PM
In person or online
In Person: Quinte Business Development Centre – Loyalist College – Pioneer Building
Bookkeeping, as mundane as it may appear, is actually your biggest secret weapon when it comes to business management and growth. It is only with accurate and consistent measurement of a company’s financials and other key indicators that we as business owners can effectively manage and expand our businesses.
Topics discussed:
- Neglecting to save receipts under $75
- Failing to track reimbursable expenses
- Failing to properly classify employees
- Not communicating
- Neglecting to reconcile
- Not having a paper backup
- Failing to collect or deduct the appropriate sales tax
- Petty cash nonchalance
- Mis-categorization or overcategorization
- Trying to do it yourself
