Branded Bookkeeping Tips

5 Bookkeeping Tips Every Small Business Owner Should Follow

Keeping your books in order doesn’t have to be overwhelming. A few consistent habits can save you from stress, IRS issues, and year-end cleanup fees. Here are five practical tips every small business owner should follow:

1. Separate Business and Personal Transactions

Mixing expenses is one of the most common (and costly) mistakes. Open a dedicated business checking account and run everything through it—no exceptions.

2. Categorize Expenses Weekly

Don’t wait until the end of the month. Spending 10 minutes a week categorizing expenses in QuickBooks keeps your books accurate and prevents forgotten deductions.

3. Keep Receipts and Documentation

The IRS doesn’t accept “I think I spent…”. Save digital receipts, invoices, and mileage logs. Apps or simple scanning folders work just fine.

4. Reconcile Your Accounts Monthly

Matching your bank statements to your books keeps your numbers solid. If something looks off — investigate right away.

5. Track Your Income Accurately

Cash, Zelle, Venmo, checks—every dollar counts. Even if a client doesn’t send a 1099, you still have to report the income.

Final Note:

Good bookkeeping isn’t about perfection—it’s about consistency. Do these five things regularly, and you’ll save time, avoid fees, and understand your business better.