Officers, employees, accountants, and other individuals involved in bookkeeping fraud can face charges and individual claims based on negligence, fraud, breach of contract, and breach of fiduciary duties.

Generally, small to medium-sized businesses expect to pay between $500-$2,500 USD monthly for their outsourced bookkeeping—an dauntingly large range to deal with.

One of the more common mistakes, for example, is paying someone a bonus and not reporting it to the bookkeeper. Another is buying supplies and not providing telling the bookkeeper or supplying receipts.

Brightbook is a straightforward, free accounting solution for freelancers and self-employed professionals who don't need to track accounts for inventory, assets or liabilities. Send unlimited invoices. Add unlimited users. Run basic reports, like a profit and loss statement and tax report.