📉 5 Biggest Bookkeeping Mistakes in Your First Year of Business
Starting a business is exciting—but if you’re not careful, messy books can cost you big.
Whether you’re DIY-ing your finances or trying to figure out QuickBooks as you go, here are the top mistakes first-year business owners make (and how to avoid them):
1. Mixing Personal and Business Finances
This is the #1 mistake. Blurring these lines makes bookkeeping a nightmare and can cause issues at tax time.
âś… Open a dedicated business account ASAP.
2. Ignoring Monthly Reconciliation
If you’re not reconciling your accounts monthly, you’re flying blind.
âś… Match your QuickBooks data with your bank statements to stay accurate and avoid surprises.
3. Waiting Until Tax Season
Trying to fix months of messy books during tax time? Stressful and expensive.
✅ Keep your books updated year-round so tax season is a breeze—not a burden.
4. Not Categorizing Transactions Correctly
Dumping everything into “Misc” or “Uncategorized” skews your reports and affects deductions.
âś… Use proper categories and QuickBooks bank rules to stay organized.
5. Trying to Do It All Alone
You wear a lot of hats—but you don’t have to wear the bookkeeper one forever.
âś… Hiring a pro or joining a bookkeeping community early can save time, money, and stress.
The DBR Bookkeeping Skool Community is here to help
Whether your books are a mess or you're just getting started, we offer:
QuickBooks Online training
Monthly reviews and support
Bookkeeping mentorship and business coaching
Help with pricing, money models, and financial clarity
Free diagnostic reviews and tools to get your numbers in shape
đź“ž Need help avoiding these mistakes?
Book a free call with Dr. Bryan Raya, QuickBooks ProAdvisor:
👉 https://calendly.com/dbr_bookkeeping/book-a-free-call-with-dbr
Let’s start Doing Business Right.
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