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InsightMay 13, 2025 · 5 min read

Slips Owners Make In The Books — And Simple Fixes

Dodge dear errors by spotting the usual traps early — and fixing each in minutes.

Two monitors showing accounting software during a bookkeeping check

After tidying hundreds of ledgers, we see the same six slips again and again. None needs an accountant to fix — just a small habit in the right place.

  • Mixing personal and business spend. One card for the firm, always. Unmixing a year takes days; keeping it split takes seconds.
  • Saving receipts nowhere. Snap every slip the day it lands — see our Friday tidy habit.
  • Never matching the bank. Reconcile monthly so the balance on screen is the balance in truth.
  • Guessing categories. A short category list beats a long clever one. Keep it under twenty.
  • Leaving invoices unchased. A polite nudge at 7 and 21 days halves late payment.
  • Doing it all in April. Twelve small closes beat one giant rescue. Monthly bookkeeping exists for exactly this.

The ten-minute monthly check

Match the bank, scan uncategorised entries, age your debtors, glance at profit against plan. Four steps, ten minutes, and April stops hurting. One client found $4,800 of double-counted software seats in the first pass alone.

Takeaway

Separate cards, snapped slips, matched banks, chased invoices. Small routines now prevent large bills later.

Spot The Slips
Before They Cost You

Talk To The Team