5 Biggest Bookkeeping Mistakes Service-Based Businesses in NWA Make in Year 2

Jan 1

By your second year in business, you’ve got more clients, more expenses, and (hopefully) more revenue — but your bookkeeping might still be stuck in year one.

Here are five common mistakes to avoid if you want to grow your business right here in Northwest Arkansas:

1. Not Separating Business and Personal Finances

Still swiping the same card for groceries and tools?
✅ Open a dedicated business account — it’s cleaner, clearer, and smarter at tax time.

2. Missing or Mislabeling Expenses

Whether you're a contractor in Bentonville or a dog groomer in Springdale, every business expense matters.
✅ Use QuickBooks to properly track and categorize supplies, fuel, equipment, and more.

3. Letting Invoicing Get Sloppy

Unpaid invoices = unpaid YOU.
✅ Automate invoices, follow up on late payments, and stay consistent with your terms.

4. Skipping Financial Reviews

Your numbers tell the story — but only if you read them.
✅ Review your P&L and cash flow every month. It’s the key to confident decision-making.

5. Trying to Do It All Yourself

Just because you can do your books doesn’t mean you should.
✅ Get expert support so you can focus on serving your clients and scaling your business.

📞 Book a Free Call

Schedule a chat with Dr. Bryan Raya, QuickBooks ProAdvisor, for a diagnostic review:
👉 https://calendly.com/dbr_bookkeeping/book-a-free-call-with-dbr

Let’s start Doing Business Right.
#NWABusiness #ServiceBasedBusiness #BookkeepingTips #QuickBooksHelp #DBRBookkeeping #DoingBusinessRight

Bryan Raya