Bookkeeping Myths That Are Costing Small Businesses Money

There are a few bookkeeping myths that refuse to disappear — and they quietly cost businesses money.

Myth 1: “My bookkeeping software does everything”

Software is a tool. It still needs:

• Correct setup

• Regular checking

• Human oversight

Myth 2: “Once a year is enough”

Year-end bookkeeping usually means:

• More errors

• Higher clean-up fees

• Less clarity during the year

Myth 3: “My accountant will fix it”

Accountants rely on accurate books. When records are messy, costs rise and delays follow.

The Reality

Good bookkeeping isn’t about ticking boxes — it’s about knowing where your business stands at any point in time.

Have you heard of any other bookkeeping myths? Contact us and let us know so we can straighten it out for you.