Simple erors in your bookkeeping can be costly
A bookkeeping error is a mistake made in the bookwork that is not fraudulent in nature. Innocent mistakes can be greatly reduced by using a professional bookkeeper who’s familair with bookkeeping procedures and should be corrected as soon as possible.
We’ve seen Gold Coast business owners making simple accounting errors such as something that’s left out of an accounting statement by mistake.
Maybe you’ve experienced a problem after balancing your bank statements. You don’t notice an error until your account becomes overdrwan, payments are refused, and youwonder why this happened
A transaction may not be recorded or may be recorded in the wrong place, leading to an omission in the bookwork, giving you an incorrect balance.
Not only do you have the embarresment of a payment being refused, there’s bank overdran and dishonour fees.
There may also be consequences in completing your BAS statement and paying the ATO more than is required
Whether you use Quickbooks or MYOB, or maybe you don’t have a bookkeeping system in place, now’s the time to contact our office