Financial modeling is a crucial tool for decision-making in the finance and accounting industry. However, it is not uncommon for errors to occur due to common pitfalls such as long formulas, hardcoding inputs, and double-counting. In this carousel, we present 11 common pitfalls in financial modeling and suggest better alternatives based on industry best practices. We also provide explanations and justifications for the importance of avoiding these errors in order to increase the credibility and accuracy of your financial models.