Types of Accounting Errors and How to Prevent Them

Author: External Author | | Categories: Accounts Payable , Accounts Receivable , Bookkeeping Services , Payroll

An error of omission occurs when a transaction is completely omitted from the books of your company. You may forget to enter an expense transaction or enter the sale of a product or service. These transactions are difficult to detect. Therefore, you need to make sure you have a solid routine for entering these transactions timely.

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Original Article Source Credits:   The balance , https://www.thebalance.com/

Article Written By:  GLENN TYNDALL

Original Article Posted on:  July 11, 2020

Link to Original Article:  https://www.thebalance.com/difficult-accounting-error-detection-14081