Learn big money mistakes to avoid and how to prevent theft in your business.

Here with Shannon today! Talking about her work as an accounting analyst and chief finance officer and what she’s seen in record keeping and also dealing with employees.

BIGGEST MISTAKE

The biggest mistake people make is not doing things in a timely manner and then they hurry along at the end and put things in the wrong places. People are generally very stressed.

How to handle it differently. Each day: identify the 3-5 most important things done first.

NEXT MISTAKE

The next mistake is misclassifying expenses by the business owner or an employee. If something, like a piece of equipment has a long life it needs to be amortized, not expensed, for example.

Some people may do this intentionally. That’s fraud, and Shannon says she sees most of these people get caught. People lost their jobs and some had jail time.

Let's get into it