Buying a bookkeeping practice has many landmines or areas that can cause not only a deal to go wrong, but more importantly can turn a profitable acquisition into a lot of pain and frustration. Learn from someone who has been on both sides of the firm acquisition process as a buyer and a seller of a bookkeeping practice on the VERY avoidable pitfalls. Identify key areas during the discovery process that need to be nailed down before deciding to buy a practice. As a potential seller of a practice, there are lots of nuggets of wisdom to be gained as well.