Data losses impact 4.7 million users according to research. To avoid becoming a statistic, you’ll want to have a plan to back up the accounting data for your small business.
You’ve got plenty of choices of how to back up your accounting data, so I’ve assembled a list of the 6 most common methods small business owners use to back up there accounting data. Some methods are easy to set up so that automatic backups can be performed regularly while others are most cost effective. Whatever method you chose, just remember to back up your data — it’s too important to lose.
You should backup your accounting data and online data backup providers are a good option for most small business. Most online backup services have simple, intuitive user interfaces and offer affordable monthly subscriptions fees. Online Accounting Data Backup Services: What to Look For is a step-by-step guide for choosing a company that’ll meet your backup needs.
Most business owners don’t recognize the likelihood incurring a data loss and the costs associated with this problem. According to research by David M. Smith, PhD, data losses impacted more than 4.7 million business owners resulted in additional costs of $18.2 billion – that is an average of $3,800 per incident (research report). You can avoid becoming a statistic by implementing data loss prevention steps.
I’ve got expert advice and lessons learned from small business owners who’ve made mistakes with their accounting software in the article 4 Costly Accounting Software Mistakes. In the article, you’ll learn why you should upgrade your accounting software periodically, the benefits of training employees on how to use your accounting software, and other useful tips and suggestions from small business owners.
We all make mistakes (except for my wife — she’s perfect). You can avoid many common accounting mistakes or at least catch them sooner if you just take follow a few easy steps I’ve outlined for you in the article 4 Common Small Business Accounting Errors.
I’ve found that most clients make the same accounting mistakes when keeping their books and records. One way to avoid making a mistake is to know about it. That’s why I’ve come up with a list of common account mistakes small business owner s make.