Making mistakes is first off only human of you honestly. We all do them in our everyday lives and with that in mind you’re no different. No offense. Now, to help you with the most common pitfalls people do, we’ve listed down a few so you’d know what to avoid for sure: 

• My own personal favourite as I’ve seen it happen so many times – having too many or too detailed rules and descriptions for procedures.
• Changing accounting policies for types of transactions you have in your accounting is absolutely normal and happens, but forgetting to update your internal accounting rules accordingly isn’t that nice or useful.
• Something that happens and even more often than it would be good, is forgetting to make an entry.
• Doing an entry from your memory or quickly just somehow isn’t obviously forbidden, however dealing later on with entries done improperly can be a real pain.
• Keep proper records of all your transactions.
• Whilst forgetting to make a specific entry is what happens every now and then, one pitfall we often face is the lack of routine that would be really effective and timely.
• It’s never bad to double-check yourself.
• It’s like with little kids or animals, depending on which you can relate to more – without discipline there’s anarchy and chaos.

With all these daily routines, internal accounting rules, control procedures it’s very easy to get all entangled in the beauty of having lots of rules and detailed procedures – ditch the ideas! List yourself only the procedures you do really, really feel are necessary and useful!