5 Biggest Bookkeeping Mistakes in Year 4 of Business (Fix These Before They Cost You More in NWA)

If you're running a service-based business in Northwest Arkansas, year four is a pivotal time. You're growing—but without clean books, growth can stall.

Here are the top bookkeeping mistakes we see local entrepreneurs making (and how to fix them fast):

1. Still Relying on Spreadsheets or Paper Records

Manual tracking won’t scale with you.
✅ Move to QuickBooks Online to simplify and organize your financials.

2. Not Separating Income Streams

Whether you offer multiple services or seasonal work, you need clarity.
✅ Set up classes or tags in QuickBooks to track each revenue stream accurately.

3. Overdue or Incomplete Reconciliations

Your bank balance and bookkeeping should match.
✅ Reconcile monthly so you're not caught off guard during tax season.

4. Missing Out on Local Deductions

From mileage on those Fayetteville service calls to tools purchased in Bentonville—these add up.
✅ Keep receipts and track every deductible business expense.

5. Trying to Handle Finances Without Help

Doing it all yourself? It’s likely slowing you down.
✅ Get expert support so you can focus on serving NWA, not fixing your books.

📍 Serving the NWA Small Biz Community? Let's Talk.

Book a free call with Dr. Bryan Raya, QuickBooks ProAdvisor and small business mentor.
We’ll clean up your books and help you plan for growth.
👉 Book Here

Let’s start Doing Business Right.
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