InvoiceBerry Tips for for Freelancers & Small Businesses The 6 Worst Small Business Accounting Mistakes | Page 8

5. Not recording cash
Payments by credit or transfer are easy to record. However,
when you get paid in cash, it can be much harder:
• always record your cash as soon as you get it
• when possible, create a receipt as proof of cash payment
• it’s generally important to track all revenue and expenses
By recording cash, you’ll make it much easier for you or your
accountant when tax time rolls around.