stop doing these 3 things if you want accurate financial report

If you want an accurate financial report, this is for you!

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🛑 Stop Mixing Personal and Business Finances:
In the finance world, we call this commingling. Combining your personal and business expenses is a recipe for confusion. Keep separate bank accounts and records for each, so it’s easier to track everything and avoid messy mistakes. Don’t use your business account to expense your personal life. You’ll never truly understand what your business financials mean if you mix the two.

🛑 Stop Delaying Reconciliations:
Waiting too long to reconcile your accounts can cause errors to slip by unnoticed. Make it a habit to do your reconciliations each month, so that your financial data stays accurate and up-to-date.

🛑 Stop Relying on Manual Processes:
Manually entering data leaves too much room for human error. Using accounting software like Quickbooks Online or automation tools can help streamline things and reduce mistakes AND it saves you tons of time.

Are you a small business or a start-up that wants organized financial reporting? If so, just comment 'LIZ', and I’ll message you directly. �😁

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