Finance is the center of any business. Businesses revolve around earning and managing its finances. Therefore, a sound accounting system and practice are vital for the success of your business. As a business owner, your biggest constraint is time. With several things on your plate, overseeing accounting functions becomes difficult. While you may have a software in place to make things easier, accounting mistakes might still occur. Accounting mistakes can have a great impact on your growth and reputation, as well as, other business operations. To avoid this, here are 5 common accounting mistakes that every business owner must be aware of.
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