By Dawn at Bookkeeping & Analytical Solutions

1. Review Financial Statements: Review your financial statements to ensure accuracy. This includes your balance sheet, income statement, and cash flow statement. Need help? Schedule a free consultation with us!

2. Reconcile Accounts: Reconcile all bank and credit card accounts to catch any discrepancies. This ensures your books are accurate and ready for tax season. How often do you reconcile your accounts?

3. Organize Receipts and Invoices: Organize all receipts and invoices. Digital tools like QuickBooks can help you keep everything in one place. What's your go-to tool for organizing receipts?

4. Review Outstanding Invoices: Follow up on any outstanding invoices to improve cash flow before year-end. Consistent follow-ups can make a big difference. How do you manage overdue invoices?

5. Assess Inventory Levels: Conduct a year-end inventory count to adjust your records and plan for the new year. Accurate inventory tracking can save you money. Need assistance? We're here to help!

6. Plan for Taxes: Start gathering documents for tax preparation. Consider any deductions or credits you might qualify for. What's your biggest tax challenge?

7. Set Financial Goals for Next Year: Reflect on this year's financial performance and set goals for the next year. Strategic planning is key to growth. Share your top financial goal for next year!

8. Review Payroll Records: Ensure all payroll records are accurate and up to date. This includes employee information and tax withholdings. How do you handle payroll updates?

9. Evaluate Expenses: Review your expenses to identify areas for cost savings. Small changes can lead to big savings. What's one expense you plan to cut next year?

10. Consult with a Professional: Consider consulting with a bookkeeping professional to ensure everything is in order. Our team is ready to assist you with a free consultation.