{"id":29699,"date":"2026-10-03T09:15:00","date_gmt":"2026-10-03T07:15:00","guid":{"rendered":"https:\/\/patikimabuhaltere.lt\/?p=29699"},"modified":"2026-11-02T08:53:32","modified_gmt":"2026-11-02T06:53:32","slug":"dazniausios-apskaitos-klaidos-smulkiame-versle","status":"publish","type":"post","link":"https:\/\/patikimabuhaltere.lt\/en\/dazniausios-apskaitos-klaidos-smulkiame-versle\/","title":{"rendered":"The 7 most common small business accounting mistakes and what they cost"},"content":{"rendered":"
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Business tips \u00b7 2026<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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The 7 most common small business accounting mistakes and what they cost<\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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When we take over a new client's books, we check them first. And almost every time we find the same mistakes. They are rarely intentional, but in a tax audit that makes no difference: tax, late payment interest and fines are calculated the same way.<\/p>\n

1. Invoices with incorrect details<\/h2>

A wrong buyer code or VAT number, or a missing date. Such an invoice has to be corrected, and the VAT deduction may be rejected.<\/p>\n

2. Personal expenses paid by the company<\/h2>

Food, fuel for a personal car, holidays. Such expenses may be treated as the owner's income with all the taxes that follow.<\/p>\n

3. Unrecorded card payments<\/h2>

Monthly subscriptions (software, online advertising) often have no invoices. Purchases from foreign suppliers may trigger a reverse-charge VAT obligation.<\/p>\n

4. Mismatched i.SAF data<\/h2>

If your i.SAF data and your partner's do not match, the tax authority sends an enquiry. This is the most common reason small businesses receive letters from VMI.<\/p>\n

5. Taking money out without a decision<\/h2>

A transfer to the owner without an MB member's decision or a dividend decision is later reclassified and taxed differently.<\/p>\n

6. A cash register that does not match reality<\/h2>

The cash balance \u201con paper\u201d is several thousand euros, but there is no cash in the till. For VMI this signals that money was taken out unrecorded.<\/p>\n

7. Late documents<\/h2>

When documents arrive after the return deadline, the books are updated retroactively, which means amended returns.<\/p>\n

What it costs<\/h2>