financial assistant evan vitale

THAT BUSINESS OWNERS MAKE

WITH ACCOUNTING

7 COMMON ERRORS

TODAY WE ARE GOING TO TELL YOU ABOUT THE VARIOUS MISTAKES MADE BY BUSINESS

MANAGEMENTWITH BUSINESS ACCOUNTING

ACTIVITIES

MOST COMMON ERROR

1

MANUALLY FEEDING ACCOUNTING INFORMATION INTO A SYSTEM THAT MAY BE INCORRECT…

2EXTREMELY RISKY

MISTAKE

SAVING CORPORATE DATA WITHIN PERSONAL DEVICES THAT MIGHT LEAD TO DATA BREACH,

WHICH MAY BE EXTREMELY COSTLY FOR AN ORGANIZATION

3INSECURE MISTAKE

WORKING WITH INSECURE NETWORKS THAT MAY LEAD TO CYBER HACKERS ACCESSING YOUR

INFORMATION

4FINANCIALMISTAKE

COMPROMISING WHEN CHOOSING OR HIRING ACCOUNTING SERVICES FOR YOUR BUSINESS

BASED ON ONLY LOWEST PRICES

5GENUINE MISTAKE

USING THE PRECEDING YEARS DATA FOR REDEFINING THE ASSETS FOR THE OPERATING

ACCOUNTING PERIOD

6NEGLIGENT

MISTAKE

CLOSING THE ACCOUNTING RECORDS PRIOR TO COLLECTING ALL REQUIRED INFORMATION

7SILLY

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

THANKS FOR READING!

DERIVED FROM

WWW.EVANVITALE.ORG

EVCERTIFIED PUBLIC ACCOUNTANT