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8 Small Business Accounting Errors and How to Avoid Them

8 Small Business Accounting Errors and How to Avoid Them

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March 2023

Running a small business presents many challenges, which can draw one’s attention in multiple directions at once. Keeping track of a company’s finances is essential to its long-term success and growth. Unfortunately, far too many small business owners do not pay close enough attention to one or more critical financial issues. The following eight items are among the most common accounting mistakes that small businesses make, along with some tips on what owners can do to avoid them.

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