What Are the Most Common Bookkeeping Mistakes Small Business Owners Make (and How Can You Avoid Them)?

Bookkeeping errors can silently sabotage small businesses, leading to cash flow issues, tax penalties, and poor decision-making. In this post, we break down the most common mistakes—from mixing personal and business finances to misclassifying expenses—and provide straightforward strategies to help business owners stay organized, compliant, and financially healthy.