Common errors in manual bookkeeping systems

Here are some common errors when using manual bookkeeping systems (though some may creep in on digital systems too):

• Forgetting to record a transaction
• Duplication of transactions
• Making only one entry (remember you need a debit and credit entry for every transaction)
• Entering transactions the wrong way around
• Entering the wrong amount in one or both the accounts
• Entering the transaction in the wrong account