7 Bookkeeping Mistakes That Are Costing Your Business Money

If you’re running a small business, you’ve probably made one or two bookkeeping mistakes without even realizing it. The truth is, even minor missteps in your books can snowball into serious issues—like cash flow problems, missed tax deductions, or inaccurate financial reporting.

At R. Schaublin & Associates, we specialize in helping business owners fix these errors, streamline their processes, and regain control of their finances. Let’s break down the most common bookkeeping mistakes and how to avoid them.

1. Mixing Personal and Business Finances

One of the most frequent bookkeeping mistakes is combining expenses. It complicates tax prep and clouds your financial picture. Separate accounts are a must.

2. Falling Behind on Bookkeeping

Delaying data entry or reconciliation can create messy books and missed insights. Stay current—or hire a pro to keep you on track.

3. Misusing QuickBooks or Accounting Software

Software like QuickBooks is powerful—but only when set up properly. We often clean up messy setups that were done without guidance.

4. Ignoring Monthly Reports

Skipping your P&L or cash flow statement? That’s like flying blind. Regular reporting helps you make smarter decisions based on real data.

5. Letting Invoices Go Unpaid

Failing to follow up on accounts receivable can kill your cash flow. Automate reminders or outsource this to someone who won’t let payments slip through the cracks.

6. Not Saving for Taxes

Too many small businesses get hit hard at tax time. Set aside a monthly amount to stay ahead—and reduce stress.

7. Waiting Too Long to Get Help

The biggest mistake? Not asking for help until it’s urgent. Don’t wait for a crisis. Partner with a professional early on to build good habits and avoid costly cleanup.

Let’s Fix Your Bookkeeping—Together

You don’t have to do it alone. Whether you’re overwhelmed, behind, or unsure where to start, R. Schaublin & Associates is here to help. We specialize in identifying and fixing bookkeeping mistakes so you can focus on what you do best: running your business.

Schedule a free consultation today and let’s clean up your books, optimize your systems, and set you up for success.

R. Schaublin & Associates Accurate Books. Better Business Decisions. Peace of Mind. www.robschaublin.com |info@robschaublin.com