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ABIP
Houston and San Antonio Accounting Firm Services
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    • Assurance
    • Client Accounting Services
    • Strategic Tax Advisory Services
    • Transaction & Technical Advisory Services
    • Cybersecurity & Technology Advisory Services
    • Forensic, Litigation & Valuation Services
      • Financial Forensics
      • Litigation Support
      • Valuation
    • Family Law
  • Leadership Team
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    • Offers
    • Industry Niches
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    • Commitment to Our Employees
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Author Archives: ABIP

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Top 10 Accounting Mistakes – No. 3 – Careless Banking

AccountingBy ABIPAugust 30, 2013

Whether you have a small or large company, there are so many ways you can make mistakes when it comes to handling your bank accounts and everything pertaining to them. Many businesses do not properly keep track of the transactions they make through their bank accounts until something goes wrong. By doing so, you will…

Top 10 Accounting Mistakes – No. 4 – Incorrectly Accounting For Cash

AccountingBy ABIPAugust 28, 2013

Cash Isn’t King? How Cash Causes Problems Having a petty cash fund in your business is somewhat necessary. However, this cash fund must be accounted for and you should be able to justify where the cash is coming from and where it is going. Accounting for cash helps prevent your money from being mishandled. It…

Top 10 Accounting Mistakes – No. 5 – Misusing Business Credit Cards

AccountingBy ABIPAugust 20, 2013

Avoid These 5 Traps of Business Credit Cards As convenient as credit cards are for businesses, it is easy for business owners to fall in the trap of misusing them and lose money. This is why it is very important for businesses to utilize their credit cards in the correct manner. Credit cards are meant…

Top 10 Accounting Mistakes – No. 6 – Commingling Properties Accounting

AccountingBy ABIPAugust 15, 2013

Accounting Secret: Isolating Properties for More Profits It is very common for companies to make the mistake of not keeping their properties separate within their business. If you are a business owner with more than one property, you might find this article interesting as it lays out the reasons of separating your properties. One of…

Top 10 Accounting Mistakes – No. 7 – Improper Chart of Accounts

AccountingBy ABIPAugust 12, 2013

When it comes to accounting, keeping your finances organized is the key to success. However, it is still something that a lot of business owners lack. The reason is that they do not keep a proper chart of accounts (COA) and, as a result, fail to properly track their finances throughout the year. The COA…

Top 10 Accounting Mistakes – No. 8 Accounting Backwards: How to Catch Up and Stay On Top of Your Accounting

AccountingBy ABIPAugust 8, 2013

Everyone starting a business, no matter what kind, hopes to see it succeed as early as possible. However, it usually takes a while before a company can see profits and unfortunately not all businesses make it in this competitive world. Things can rapidly become hectic and overwhelming after you open your business so you must…

Top 10 Accounting Mistakes – No. 9 – Neglecting Organization

AccountingBy ABIPAugust 5, 2013

Can you confidently say that your business’ records are properly organized? Whether you are running a small business or a large venture, maintaining organization is an essential part of the accounting process. This is an aspect that many businesses neglect and can be detrimental to your business’ success. Keeping your business records organized makes it…

Top 10 Accounting Mistakes – No. 10 – Using the Wrong Accounting Software

AccountingBy ABIPAugust 1, 2013

Anyone who has ever taken an accounting class can tell you that accounting is a business aspect that requires very little to no error. In accounting, everything must be done in an organized, accurate and timely manner, which many people tend to neglect while running their business. This is why over the course of the…

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