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3 Most Common Asset Classification Mistakes in Small Business DBR Bookkeeping
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=Jy83ENQgijg
Are you categorizing your assets correctly? • Misclassifying assets is a common small business mistake that can lead to costly errors. Here are 3 of the most commonly miscategorized assets: • 1️⃣ Vehicles – These are often recorded as expenses but should be listed as assets and depreciated over time. • 2️⃣ Office Equipment – Computers, printers, and furniture are long-term assets, not supplies, and must be depreciated. • 3️⃣ Leasehold Improvements – Any upgrades to a rented space should be recorded as assets and depreciated. • Get your classifications right for better financial accuracy! Subscribe for more small business tips. • Let’s start Doing Business Right! 💼 • • Helpful Resources: • The Essential Small Business Guide to Financial Management: • https://amzn.to/4ekPahS • Embracing ChatGPT for Business Success: • https://amzn.to/4e9W3CJ • Create Your OWN Online Community: • https://bit.ly/3Bz5htR • Visit us at: • www.dbrbookkeeping.com • • #SmallBusinessTips #BookkeepingBasics #DBRBookkeeping #AssetClassification #DoingBusinessRight
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