Hi, this is Jon from Jon’s Bookkeeping with another informative video.
I’m recording this in November, and as the year ends, I want to help ensure your small business's finances are in order.
Here's an end-of-year checklist!
1: Review Financials
Review your income statement and balance sheet:
Verify the accuracy
Identify trends
Adjust budgets
2: Tax Planning
Consult your accountant
Consider end of year charitable donations
Ensure compliance
3: Accounts Receivable and Payable
You should resolve your accounts:
Collect outstanding receivables
Pay pending bills
Reconcile your statements
4: Employee Benefits
You should:
Review health insurance
Update retirement plans
Consider giving bonuses
5. Plan for next year:
Set your financial goals
Create your budgets
Adjust your strategies
Going through these tasks will help you stay financially healthy!
Consider consulting a financial professional if necessary.
And if you need a professional to work with, schedule a free consultation call with me.
We can talk about your business goals and financial needs.
I’d love to help you and I look forward to speaking with you!
@jonsbookkeeping
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