Small Businesses and startups can procure extraordinary prizes for the owner in a very short period of time. Small Businesses run on the fuel of their peculiarity and steering them requires a core dedication on the plans, their execution, management, etc. Such tasks can be exhaustive and stressful at times. Amid these stressful tasks, the importance of accounting is often neglected. It may lead to some major mistakes in accounting that can bring some significant risks for the business. There are numerous ways in which accounting mistakes can affect profit, efficiency, and productivity of business.

Here is an infographic listing the six of the most common accounting mistakes that small businesses should avoid to ensure that their businesses run fighting fit.

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