Small business owners often make bookkeeping mistakes that can lead to bigger issues down the road. A common one is not reconciling transactions regularly. This can lead to discrepancies between business records and bank statements, which might cause problems when you're doing tax returns. Mixing personal and business expenses is another frequent slip-up. This makes it harder to track business costs and can complicate tax reporting. Forgetting to keep receipts and not recording all cash transactions can also lead to incomplete records, resulting in inaccurate financial statements. Another significant mistake is not backing up financial data, which can be a real nightmare if you lose important records due to technical issues or data loss. Bookkeeping software can help keep things on track by automating record-keeping and providing easy access to financial information. However, if you’re feeling overwhelmed, consider making a part-time bookkeeper part of your team or hiring professional bookkeeping help. This way, you can focus on running your business while ensuring your books are in order.