Let me start by saying that Quickbooks Software is a great accounting tool for small businesses to use to handle their accounting transactions. However, it can also be deceivingly easy. Some of the common mistakes that I find people making are miscategorizing the outflow of cash. For example, they record certain things as expenses when they should be categorizing them as assets. For example, pre-paid expenses, inventory, and other such items that should be placed on your books as an asset as an expense over a period of time.
Written by Desnoyers CPA
Known for her friendly, outgoing nature and her rare talent for financial foresight, Lydia Desnoyers has been serving individuals and small businesses in Florida since 2010. After earning her Master’s Degree in Accounting from Nova Southeastern University and her Bachelor’s Degree in Accounting from Florida State University, she became a Certified Public Accountant and a Certified Fraud Examiner.
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