“10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de...

12
“10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting software.

Transcript of “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de...

Page 1: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

“10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt

Page 2: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #1. Combining Personal and Business Finances

Page 3: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #2. Keeping up Accountability.

Page 4: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #3. Lack of policies and procedures.

Page 5: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #4. Ignorance of available programs and tools.

Page 6: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #5. Not setting up back- up systems.

Page 7: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #6. Inability to interpret or read reports.

Page 8: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #7. Re- investing into electronics + hardware.

Page 9: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #8. Keeping up Customer Relations.

Page 10: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #9. Budgets

Page 11: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #10. Integration with Social media

Page 12: “10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt 2012 Africa SMME Conference- QuickBooks accounting.

2012 Africa SMME Conference- QuickBooks accounting software.

In summary, I urge you to firstly evaluate what programs you’ve put in place for your company’s financials and secondly what procedures you’ve

put in place to reinforce it.

Can you afford not to?

Thank you