Everyone makes mistakes, and if they aren’t bad mistakes, everyone can recover from them. Yet accounting mistakes can have long-lasting effects; customers and vendors can leave, and the IRS and financial institutions will certainly take notice, too. Managing the money that comes in and out of your business is one of the most critical tasks facing you and your company on a daily basis. If you pay attention to the details and you are aware of the problems that can arise from simple accounting errors, you have a head start on avoiding the worst mistakes. The following accounting mistakes are among the most common errors facing small businesses. Some simple actions can save your small business big money. That’s where we can help. Learn more about our services, or read more about us.