5 Bookkeeping Mistakes That Cost Small Businesses Thousands

Clean books aren't just about compliance — they're the foundation of every smart business decision. Yet many small business owners unknowingly make mistakes that put them at risk. Here are the five most common we see.

Mistake #1: Mixing Personal and Business Finances

Using a personal account for business transactions — or vice versa — makes reconciliation a nightmare and can blur the corporate veil that protects your personal assets. Open a dedicated business checking account from day one.