How We Help Businesses At Year End

As the year winds down, it’s time to make sure your books are accurate, organized, and tax-ready.
Year-end bookkeeping isn’t just about closing the books — it’s about understanding your business performance, preparing for tax season, and setting yourself up for a strong, profitable year ahead.

Your financial systems are likely complex enough to need more than just a quick review. You may have contractors, employees, multiple accounts, and a lot of moving parts — which makes a thorough year-end process essential.

Here’s what we do for our clients:

Review and Reconcile All Accounts

Start by confirming that everything in your books matches reality.

✔ We reconcile all bank, credit card, loan, and merchant accounts.
✔ We review and clear out uncategorized transactions.
✔ We verify all invoices and bills are current.
✔ We double-check owner draws or distributions are recorded properly.
A clean reconciliation ensures your reports are accurate and ready for tax time.

Review Your Financial Statements

With reconciliations complete, it’s time to review the big picture.
✔ We generate your Profit & Loss, Balance Sheet, and Cash Flow Statement.
✔ We compare actual numbers to your budget.
✔ We look for trends — where did income grow, and where did costs increase?
✔ We summarize key insights to discuss with your CPA.

These reports help you see not just how you performed this year, but where your business is headed.

Prepare for Tax Season

Getting organized now makes tax time easier later.
✔ We help collect W-9s from all vendors and issue 1099s by January 31.
✔ We organize receipts, reports, and supporting documents for your CPA.
✔ We review potential deductions — don’t leave any money on the table.

A little extra preparation now can save you stress (and money) come tax season.

Verify Payroll and Compliance

If you have employees or contractors, take time to review your payroll details.
✔ We check that all wages, benefits, and withholdings are correct.
✔ We reconcile payroll tax liabilities and confirm all payments are up to date.
✔ We update employee and contractor info for the new year.

Accurate payroll records keep your business compliant and your team happy.

Plan Ahead for the New Year

Once your books are closed, it’s time to plan for growth.
✔ We meet with you and/or your CPA to review this year’s results.
✔ We provide financial data to build next year’s budget and cash flow forecast.
✔ We Identify cost-saving opportunities or pricing adjustments.
✔ We assist with setting financial KPIs to track progress throughout the year.

Starting the year with a clear financial roadmap sets you up for success.

Year-end bookkeeping isn’t just a task — it’s an opportunity to understand your business and make smarter decisions. When your books are accurate and organized, you gain clarity, control, and confidence going into the new year.