📊 5 Biggest Bookkeeping Mistakes in Year 2 of Business

Your second year in business is all about growth — but that also means more complexity in your finances.

Here are the most common bookkeeping mistakes small business owners make in year two (and how to avoid them):

1. Not Upgrading Your Systems

What worked in year one (spreadsheets, Venmo, guesswork) won’t cut it anymore.
✅ Move to QuickBooks Online and implement consistent workflows.

2. Falling Behind on Reconciliation

You’re busy, but ignoring your monthly bank and credit card reconciliations can lead to missed income, double expenses, or tax errors.
✅ Set a calendar reminder to reconcile monthly — or delegate it.

3. Mixing Personal and Business Funds (Still!)

By year two, this should be behind you. But many owners still swipe the wrong card or transfer money without documentation.
✅ Use separate accounts. Treat your business like a business.

4. Overlooking Sales Tax and Payroll Liabilities

You may be hiring, growing, or selling in new states. That means more compliance.
✅ Track your sales tax obligations and payroll reporting closely.

5. Avoiding Professional Help

Doing it all yourself worked when things were simpler. Now, mistakes cost more.
✅ Consider a monthly bookkeeping service or a financial check-in.

📞 Ready to Clean It Up?

Book a free call with Dr. Bryan Raya, QuickBooks ProAdvisor:
👉 https://calendly.com/dbrbookkeeping/30-minute-zoom-consultation-call

Let’s start Doing Business Right.
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