CKH Bookkeeping & Payroll provides customized bookkeeping and payroll solutions tailored to meet the unique needs of each business. With over a decade of experience across diverse industries—including technology, insurance, automotive, healthcare, and small to mid-sized local businesses—the team offers reliable, detail-oriented support designed to help organizations thrive. In Courtney's latest bookkeeping tip
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.
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.
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.
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.
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.
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.
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