Top 5 Common Bookkeeping Mistakes Small Business Owners Make (and How to Avoid Them)

Every small business owner makes mistakes;  it’s part of the learning process. But when it comes to bookkeeping, some errors can cost time, money, and peace of mind. After years of working with Saskatchewan entrepreneurs, I’ve noticed a few patterns that keep popping up. Here are five of the most common bookkeeping mistakes I help clients fix—and how to avoid them.

1. Mixing personal and business spending
   It’s tempting to grab your business card for groceries or your personal card for a supply run. But mixing funds makes tracking expenses messy and taxes harder. Keep them separate—it’ll save hours later.

   
   

2. Falling behind on record keeping
   Bookkeeping isn’t like spring cleaning…it can’t wait until “someday.” Waiting too long creates confusion and missed deductions. Set aside time each week to update your records, or better yet, let someone like me keep things running smoothly for you.

   
   

3. Ignoring receipts
   Receipts are your proof when the Canada Revenue Agency comes calling. Keep them organized digitally or in monthly folders. Think of them as breadcrumbs that tell the story of your business spending.

   
   

4. DIYing for too long
   Doing your own books might save a few dollars now, but small mistakes can turn into big problems down the road. Professional bookkeepers know how to keep your books compliant and efficient.

   
   

5. Not understanding the reports
   Bookkeeping isn’t just about compliance, it’s about insight. If you don’t understand what your reports are telling you, you’re missing out on key business intelligence.

At CKH Bookkeeping & Payroll, I help small business owners in the Saskatoon area avoid these pitfalls and build financial systems that actually work for them. If you’ve made some of these mistakes, don’t worry, you’re not alone, and it’s never too late to get back on track.

Visit www.ckhbooks.com to connect with me. Let’s get your books working for you instead of against you.

CKH Bookkeeping & Payroll offers trusted, professional service that adapts to each business—ensuring accurate records, compliance, and peace of mind. Serving Saskatoon and surrounding area. 

"Simplify Your Success"

CKH Bookkeeping & Payroll - Your Trusted Saskatoon Bookkeepers

Tax Time Without the Stress: Year-End Bookkeeping Tips for Saskatchewan Small Business Owners

Tax season doesn’t have to feel like an uphill climb in a snowstorm. A little preparation throughout the year makes year-end a lot smoother and less stressful.

Here are a few ways to make tax time easier:

1. Stay organized year-round
   Keep digital copies of receipts, invoices, and statements. Tools like Dext or Hubdoc make it easy to upload and categorize as you go, so you’re not sorting shoeboxes in March.

2. Reconcile monthly
   Reconciling your accounts each month is like balancing your chequebook; it ensures that what’s in your books matches what’s in your bank account. Minor errors caught early are easier to fix.

3. Track deductions as you go
   Don’t wait until year-end to guess at business mileage or office expenses. Keeping consistent records means you won’t leave money on the table.

4. Communicate with your bookkeeper.
   A good bookkeeper can save you time and help you stay compliant. Think of us as your co-pilot through the financial side of your business.

At CKH Bookkeeping & Payroll, I help small business owners in the Saskatoon area feel confident and prepared for tax time. My clients don’t scramble in April because their books are already organized all year long.

If you’re tired of dreading tax season, reach out today at www.ckhbooks.com. Let’s make next year your smoothest one yet.

CKH Bookkeeping & Payroll offers trusted, professional service that adapts to each business—ensuring accurate records, compliance, and peace of mind. Serving Saskatoon and surrounding area. 

"Simplify Your Success"

CKH Bookkeeping & Payroll - Your Trusted Saskatoon Bookkeepers