5 Biggest Bookkeeping Mistakes in Year 3 of Business (For Health Coaches, Therapists, Wellness Studio Owners & Practitioners)

Jan 2

In year 3, your health or wellness business is likely growing—but so are the financial responsibilities. These common bookkeeping mistakes can quietly hold you back from sustainable success.

1. Still Mixing Personal and Business Expenses

Using one bank account for groceries and massage table replacements? Not anymore.
✅ Open a dedicated business account and keep it clean—it’s essential for tax time and scaling.

2. No Tracking of Recurring Revenue

Memberships, subscriptions, and packages are great—but only if they’re tracked properly.
✅ Set up recurring income tracking in QuickBooks to see what’s really coming in (and what's not being collected).

3. Neglecting Expense Categories

Not separating equipment, CEU courses, rent, and admin tools?
✅ Proper categorization can unlock more deductions and deeper business insights.

4. No Financial Check-Ins

If you only look at your books during tax season, you’re flying blind.
✅ Review your financial reports monthly to stay ahead of cash flow dips and growth opportunities.

5. Doing It All Alone

Still DIY-ing your books after 3 years? You’re not just wearing too many hats—you’re likely missing money.
✅ Get bookkeeping support or mentorship so you can focus on healing, not spreadsheets.

🗓 Book a Free Call with Dr. Bryan Raya

Get expert support from a QuickBooks ProAdvisor who knows your world.
👉 Book Your Call

Let’s start Doing Business Right.
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Bryan Raya