Common Startup Bookkeeping Mistakes

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Common Startup Bookkeeping Mistakes

Bookkeeping doesn’t have to be complicated if you start off with a reliable Bookkeeper Melbourne. More often than not, many start-ups common all too common mistakes when it comes to their bookkeeping as well as hiring a Bookkeeper Melbourne.

Putting Bookkeeping Off –- Til It’s Too Late

In a rush to launch a new store or product, bookkeeping is often at the bottom of the to-do list. Most don’t bother looking for a Bookkeeper Melbourne until they have trouble sifting through their financial records.

This is easily one of the most common mistakes and leads up a pile up of work. Ideally, you want a bookkeeper Melbourne you can rely on to keep track and maintain your books so you have a clearer picture and better control of your finances.

So Separate Bank Account

The worst thing you can do is mixing your business and personal finances. Not only will you make life difficult, it will be a complex matter for your bookkeeper Melbourne to figure out and may come with a hefty bill.

Not Filing Bank Statements

While it may sound simple enough, a lot of people overlook this detail. If you don’t have a bookkeeper Melbourne to maintain your books, you run the risk of having missing statements, which will mean bigger problems for your accountant.

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