5 Biggest Bookkeeping Mistakes in Year 4 of Business (And How to Fix Them Before They Cost You)

Jan 31

By year four, your business is more established—but so are the risks if your bookkeeping hasn’t matured with your growth. Whether you're scaling, hiring, or expanding your offers, avoid these common bookkeeping missteps that many business owners still make at this stage.

1. Not Upgrading Your Financial Systems

Still using the same DIY setup from year 1? As your business grows, your systems should too.
✅ Consider advanced QuickBooks features, integrations, and professional support.

2. Ignoring Forecasting & Budgeting

At this stage, it’s not just about tracking income and expenses—it’s about planning ahead.
✅ Use reports to project cash flow and make data-driven decisions.

3. Mixing Owner Draws & Payroll Confusion

Many business owners still blur the lines between paying themselves and tracking compensation.
✅ Understand the difference between owner draws, salary, and distributions.

4. Delaying Reconciliation & Cleanups

Backlogs create bigger issues—especially with sales tax, 1099s, or audits.
✅ Reconcile every month. Schedule quarterly cleanups if you're behind.

5. Not Leveraging a ProAdvisor or Bookkeeping Mentorship

By now, you’ve likely outgrown trying to manage it all alone.
✅ It’s time to bring in a ProAdvisor to get strategic support, not just compliance help.

📞 Book a Free Call with Dr. Bryan Raya

Get expert guidance from a QuickBooks ProAdvisor who understands your business stage.
👉 Book Here

Let’s start Doing Business Right.
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Bryan Raya