open dyslexic mode

One of the most eye-opening moments I had came from talking to a business owner who thought they were “tracking expenses” — but in reality, they were doing the exact opposite.

They were using a company credit card for gas, supplies, inventory, etc. But at the end of the month, they would just input a single lump sum payment to the credit card in QuickBooks.

📉 No itemization. No clarity. Just “$15,000 payment” or “$10,000 expense.”

Here's why that’s a problem:
❌ You don’t know what you actually spent money on
❌ You can’t optimize what you can’t see
❌ You’re making decisions off incomplete data

In this video, I break down:
✔ Why detailed transaction-level bookkeeping matters
✔ How this common mistake hides cash flow issues
✔ What you should do instead for better financial visibility

Don’t let bad habits keep your business blind.

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7 DEADLY BUSINESS EXIT MISTAKES YOU NEED TO KNOW BEFORE SELLING

Make sure you are not making these costly mistakes and let years of hard work go to waste.

Download our free eBook now to protect your financial future.
secure.idealexitplan.com/7-business-exit-mistakes?…
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Connect Emil Abedian through these platforms
🌐Website: www.counselcpas.com/
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#BookkeepingMistakes #QuickBooksTips #BusinessFinance #FinancialVisibility #KnowYourNumbers