The importance of accurate financials cannot be understated. The difference of making $5000 in one month and losing $5000 could easily influence a business owner to be overconfident in his or her team and processes. Start with the facts and then make decisions. Common errors in expenses for small business include insurance amortization, inventory recognition, salary accruals, tax timing and more. Investing in the accounting system will assist management and ownership to make the right daily choices for operations and sleep better at night. A key to making money is to know much you are making!