๐ ๏ธ 5 Biggest Bookkeeping Mistakes Home Service Pros Make in Year 2
By your second year in business, things are getting busier โ more jobs, more invoices, and unfortunately... more room for financial mistakes.
Here are the top bookkeeping missteps home service pros make and how to avoid them:
1. Still Not Separating Personal and Business Finances
Using one bank account for everything is a headache waiting to happen.
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Set up a dedicated business checking account to simplify taxes and tracking.
2. Ignoring Mileage and Vehicle Deductions
If you're driving to job sites, you're leaving money on the table.
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Track your mileage or actual vehicle expenses โ QuickBooks and apps can help.
3. Forgetting to Invoice or Follow Up
When youโre on the job all day, itโs easy to forget to send (or chase) invoices.
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Use QuickBooks to automate invoicing and reminders.
4. Not Reviewing Financial Reports Monthly
If youโre not reviewing your profit & loss statement, you might not know what jobs are actually profitable.
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Make monthly reviews a habit โ or get help from a pro.
5. Trying to Do It All Yourself
Youโre great at what you do โ but bookkeeping might not be it.
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A QuickBooks ProAdvisor can help you clean up your books and keep them that way.
๐ Book a Free Call
Talk to Dr. Bryan Raya, QuickBooks ProAdvisor, for a personalized review:
๐ https://calendly.com/dbr_bookkeeping/book-a-free-call-with-dbr
Letโs start Doing Business Right.
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