Tips and Hacks for Small Businesses in Boston

9 Common Bookkeeping Errors

Jan 23, 2018 12:14:35 PM / by Kirsten Lakin posted in bookkeeping, bookkeeper, common bookkeeping errors

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  1. Entering invoices instead of estimates
Sometimes, we want to show our client what an invoice might look like or how much a job might cost them. For any work that hasn’t happened yet and is not scheduled to happen, an estimate is the best method to use. Creating an invoice for this purpose can get messy. If it is not voided before year end, it can greatly affect how much income your company is claiming on your tax forms.
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