Biggest Bookkeeping Pitfalls

If I had it my way, everyone who has one of these three things would hire a bookkeeper. 

Payroll — people don’t know how to categorize the different elements of payroll. Employee taxes aren’t deductible. And if you get into child support and 401ks then it just gets more complicated. 

Stripe, or Square fees and deposits. A lot of people count the deposit amount as the sale when the full amount should be recorded as the sale. Then the fees should be subtracted. 

Honeybook / Dubsado. These occasionally do not connect correctly with QuickBooks Online and cause a huge mess. There will be duplicate deposits or invoices making your bookkeeping hard to understand or figure out.