AVOIDABLE ACCOUNTING MISTAKES Gary Epstein For any small business owner, staying abreast of the financial developments in your company is difficult, but necessary — and the most important part of this is being organised. By Gary Epstein Most would agree that the accounting function is one of the most important aspects of any growing business. Many successful companies, both large and small, are run by CEOs and MDs with a financial background and there is a reason for this. Staying on top of the financial developments in your company may be difficult, but it is necessary and the most important part of this is being organised. Even if your company doesn't have an established accounting department, it is important to have all your finances organised and recorded. Many businesses fall short of the mark when it comes to financial organisation. Here are some of the accounting mistakes typically found in small to medium businesses and tips on how to avoid them: 1. USING TH...