You're amazing at what you do—whether that's massage, acupuncture, coaching, or helping people live healthier lives. But when it comes to managing the business side of things? You're not alone if it feels a little overwhelming.
Here are 5 common mistakes I see health and wellness professionals make in their bookkeeping—and how you can steer clear of them.
1. Mixing Business and Personal Accounts
Why it’s a problem: It makes tracking expenses messy and can cause issues if you're ever audited.
What to do instead: Open a separate business checking account—even if you’re a sole proprietor. It’s cleaner, safer, and shows you take your business seriously.
2. Waiting Until Tax Time to “Catch Up”
Why it’s a problem: Scrambling at the last minute leads to missed deductions and a lot of stress.
What to do instead: Set aside time monthly to review income and expenses—or hire someone to keep you current year-round.
3. Not Tracking In-Kind Donations or Barters
Why it’s a problem: If you trade services (like a massage for a website) or receive donated items, these need to be recorded properly to stay compliant.
What to do instead: Talk to a bookkeeper who understands how to track these and keep your books accurate.
4. Forgetting to Set Aside Taxes
Why it’s a problem: It’s easy to get caught off guard when a big tax bill hits.
What to do instead: Set aside 20–30% of your net income in a separate savings account. Quarterly estimates aren’t optional—they’re protection.
5. Doing It All Yourself
Why it’s a problem: You wear enough hats already. Bookkeeping takes time and energy—and mistakes can cost you more than hiring help.
What to do instead: Delegate what drains you. A good bookkeeper gives you clarity, not just spreadsheets.
You Deserve Better Than Bookkeeping Stress
If any of these sound familiar, you’re not alone. I work with health and wellness professionals every day who are passionate, skilled, and just want to feel in control of their finances.
Let’s take 30 minutes to review where you’re at, where you want to go, and how I can support you.
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