π¨ 5 Biggest Bookkeeping Mistakes Creatives Make in Year 2 of Business
In your second year as a creative entrepreneur, your business starts growing β more clients, bigger projects, and... more financial complexity.
Here are 5 common bookkeeping mistakes creatives make and how to avoid them:
1. Still Relying on Spreadsheets or DIY Tools
Spreadsheets and manual tracking canβt keep up with multiple invoices, client payments, and project costs.
β
Switch to QuickBooks Online and streamline your finances.
2. Not Reconciling Income Streams
Freelance creatives often get paid from different platforms (Stripe, PayPal, direct deposit). If you donβt reconcile monthly, you might miss income or double-count it.
β
Reconcile monthly and match deposits to invoices.
3. Mixing Personal and Business Expenses
Still using one account for everything? Itβs time to stop.
β
Open a dedicated business account to simplify taxes and reports.
4. Forgetting to Track Project Expenses
Subscriptions, tools, equipment, even travel for shoots β it all adds up.
β
Categorize expenses per project so you can see true profitability.
5. Avoiding Expert Support
DIY bookkeeping can lead to missed deductions and messy records.
β
A bookkeeper who understands creatives can save you time and money.
π― Ready to Get Organized?
Book a free call with Dr. Bryan Raya, QuickBooks ProAdvisor:
π https://calendly.com/dbrbookkeeping/30-minute-zoom-consultation-call
Letβs start Doing Business Right.
#CreativeBusiness #BookkeepingForCreatives #FreelancerTips #QuickBooksHelp #DBRBookkeeping #DoingBusinessRight