TOP TEN ACCOUNTING ERRORS TO AVOID

TOP TEN ACCOUNTING ERRORS TO AVOID

Accounting mistakes that run unnoticed for months, or even years, can cause serious trouble to your business resulting to loss of money.

Here are "Top Ten Accounting errors to avoid". First Six (6) can be solved using Diamond Financial Management Software. The remaining four (4) can be solved with our Senior Consultancy. 

1. Failure to properly label income and expenses. 

2. Wrong sorting of expenses. 

3. Incorrect balance in asset or liability balance.

4. Entering transactions twice. 

5. Depreciation. 

6. Consistency. 

7. Accidentally recording transactions in previous period. 

8. Data entry errors. 

9. Fraudulent reporting. 

10. Legal requirements. 

Further, each of these accounting errors will be discussed: Stay tune for updates on what effect these have on your business and how to avoid them.

Don't forget to visit our website www.diamondfms.com.

Nard Elsman

Company Owner bij Diamond FMS / Owner and General director Elsman Group BV / President Elsman Leadsoft LLC

7 年

Diamond fms levert deze analyse prognose en rapportage software

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