The problem with being your own bookkeeper

03/6/2012 | YoungEntrepreneur.com

If you're tempted to handle your small business' bookkeeping in an effort to save money, it's important to understand the potential pitfalls. Failing to devote time throughout the year to accounting and making late payments can both hurt your business, Adam Toren writes. "Defaulted payments on loans or credit cards could make it extremely hard if not impossible for your company to grow in the long term."

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