05/21/2026
Let’s NOT do this again next year. 😅 Every tax season, we see a few common bookkeeping mistakes that make things harder than they need to be. The good news? Most of them are avoidable with a little organization throughout the year.
Here are 3 mistakes we see often:
1. Missing or messy financial details 📊
Loan balances, assets, liabilities, and equipment purchases can easily get missed or categorized incorrectly, especially when larger purchases are expensed instead of capitalized.
2. Personal and business expenses getting mixed together 🧾
Owner withdrawals, Amazon charges with no description, meals without notes, and personal purchases running through the business account can create a lot of cleanup later.
3. Vendor information not being collected early 📁
When 1099 season rolls around, missing EINs, addresses, or vendor details can slow everything down.
A little upkeep now can save a lot of scrambling later. Future you will be very grateful!
