96. The Price of Bad Bookkeeping: When QuickBooks Goes Wrong
Episode Highlights
0:00 - Bookkeeping Mistakes to Avoid
7:15 - The Cost of Bad Bookkeepers
10:18 - Monthly Accounting Membership Benefits
14:18 - Setting Time for Regular Bookkeeping
14:50 - Why Separate Business Accounts Matter
Episode Summary
We tackle the critical but often overlooked task of proper bookkeeping for business owners and share how avoiding common mistakes can save you thousands of dollars and countless headaches.
• Bad bookkeeping comes in many forms—from procrastination to incorrect QuickBooks entries
• Cleaning up messy books often costs more than starting from scratch
• Hiring an inexperienced bookkeeper can be more costly than doing it yourself or contracting an external accountant
• Monthly bookkeeping creates visibility into your finances and helps avoid tax surprises
• Regular review of financial reports is essential to catch errors before tax filing
• Separate business bank accounts are crucial even for simple businesses using spreadsheet accounting
• Setting regular calendar appointments for bookkeeping helps maintain financial clarity year-round
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