5 Biggest Bookkeeping Mistakes in Year 3 of Business (For NWA Small Business Owners Ready to Grow Smarter)

Jan 9

If your business is in its third year, congrats—you’ve made it past the early hustle. But the next phase of growth requires better financial systems. These are the most common bookkeeping mistakes we see local NWA businesses make in year 3:

1. Still Treating Bookkeeping Like a Side Task

You're busy, we get it. But pushing off financial tasks until tax season can lead to costly errors.
✅ Treat your books like business intelligence—not a chore.

2. Not Reviewing Profit Margins

Knowing your income is great. But are you reviewing profit by service, job, or location?
✅ QuickBooks reports can help you pinpoint what’s actually making (or costing) you money.

3. Outdated or Incorrect QuickBooks Setup

A messy chart of accounts or duplicate categories can ruin your reporting.
✅ Year 3 is the perfect time for a QuickBooks cleanup to support real growth.

4. Ignoring Reconciliation

Unreconciled bank accounts = inaccurate numbers = bad decisions.
✅ Make monthly reconciliation part of your routine—or get help doing it.

5. Not Seeking Professional Financial Help

You’ve done great getting this far, but scaling requires strategy.
✅ A QuickBooks ProAdvisor or bookkeeping mentor can help you plan ahead, not just catch up.

🗓 Book a Free Call with Dr. Bryan Raya

Local support from a fellow NWA business owner and QuickBooks ProAdvisor.
👉 Book Now

Let’s start Doing Business Right.
#NWABusiness #SmallBusinessTips #QuickBooksHelp #BookkeepingMistakes #DBRBookkeeping #DoingBusinessRight

Bryan Raya