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

Pothole #1. Combining Personal and Business Finances

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“10 Common mistakes small business owners make when choosing an accounting package”. By Ruaan de Swardt . Pothole #1. Combining Personal and Business Finances. Pothole #2. Keeping up Accountability . Pothole #3. Lack of policies and procedures. . - PowerPoint PPT Presentation

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Page 1: Pothole #1. Combining Personal and Business Finances

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: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #1. Combining Personal and Business Finances

Page 3: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #2. Keeping up Accountability.

Page 4: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #3. Lack of policies and procedures.

Page 5: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #4. Ignorance of available programs and tools.

Page 6: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

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

Page 7: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #6. Inability to interpret or read reports.

Page 8: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

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

Page 9: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #8. Keeping up Customer Relations.

Page 10: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #9. Budgets

Page 11: Pothole #1. Combining Personal and Business Finances

2012 Africa SMME Conference- QuickBooks accounting software.

Pothole #10. Integration with Social media

Page 12: Pothole #1. Combining Personal and Business Finances

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