Hi, this is Jon from Jon’s Bookkeeping wishing you happy holidays!
Following up on the last video covering a year-end checklist…
This week I want to ensure a financially merry holiday season!
So here are some essential holiday accounting tips:
1. Set holiday budgets:
Gifts
Travel
Entertainment
Charitable donations
2. Track holiday expenses:
Credit card statements
Receipts
Mileage logs
Employee reimbursements
3. Be sure to claim holiday tax deductions:
Business gifts
Charitable donations
Holiday party expenses
Travel costs
4. Manage holiday inventory:
Track stock levels
Optimize supply chain
Plan for post-holiday returns
5. As we discussed last time, schedule year-end review:
Reconcile accounts
Review financials
Plan for next year
This season can be stressful, especially for those in retail, but staying financially organized can help you have happy holidays!
And if you need help with financial organization, schedule a free consultation call with me.
We’ll discuss your business situation and bookkeeping needs.
I can’t wait to help you and look forward to speaking with you.
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