It’s December—Time for Year-End Bookkeeping! As we wrap up the year, here’s a quick checklist to keep your bookkeeping on track: ☑️ Gather Invoices & Receipts :Collect any outstanding documents from your team. ☑️ Reconcile Accounts: Make sure your cash accounts match your statements. ☑️ Close Accounts Receivable & Payable: Check what’s been paid or received and follow up on unpaid invoices. ☑️ Prepare Financial Documents: Get your bank statements, payroll reports, and inventory counts ready. ☑️ Create a Closing Schedule: Set deadlines and assign tasks to keep things organized. ☑️ Back Up Your Data: Make sure all your accounting info is securely backed up. #BusinessTips #Bookkeeping #YearEndClose #businessowner #smallbusinesssupportingsmallbusiness #contractor #serviceprovider #businessconsulting #financialplanning #December2024 #quickbooksonline #accountreceivable ##businessgrowth
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As we approach the end of the financial year, it's crucial for to start preparing for year-end bookkeeping for your business. 📚💼 Implementing best practices for year-end bookkeeping can help you streamline the process and ensure accurate financial reporting. Start by organising your financial documents, such as bank statements, invoices, and receipts, to make the reconciliation process easier. Additionally, review your accounts receivable and accounts payable to ensure all transactions are accurately recorded. Don't forget to reconcile your payroll and tax liabilities to avoid any discrepancies. By staying on top of your bookkeeping now, you'll set yourself up for a successful and stress-free year-end close. #Bookkeeper #Bookkeeping #YearEndBookkeeping #FinancialReporting #BusinessTips #BookkeepingBestPractices #SmallBusiness #SmallBusinessOwner 📊🔍
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As December rolls on, it’s the perfect time to settle up on open invoices and close your books with confidence. Here’s why: ✔️ Improved Cash Flow: Start the new year with a healthy financial foundation to invest in growth and opportunities. ✔️ Stronger Client Relationships: A friendly reminder about year-end invoices shows professionalism and keeps your accounts in good standing. ✔️ Clear Year-End Records: Finalizing transactions now makes for smoother bookkeeping and a stress-free tax season. Don’t wait—send out those reminders and encourage your clients to settle their balances before the holidays! #YearEndPlanning #InvoicingTips #Bookkeeping #PaperLightAccounting
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🌟📚 5 Critical Bookkeeping Checks Before Year-End! 📚🌟 As we approach the halfway mark of the year, it's crucial to ensure your financials are in tip-top shape! Here are 5 essential bookkeeping checks you should complete before year-end to keep your business thriving: 1. **Reconcile Bank Accounts 🏦**: Ensure your bank statements match your records to catch any discrepancies early. 2. **Organize Receipts & Invoices 📂**: Properly file and categorize all receipts and invoices to streamline your tax preparation process. 3. **Review Accounts Receivable 🔍**: Follow up on outstanding invoices to maintain healthy cash flow and reduce potential bad debts. 4. **Verify Expenses 📊**: Double-check your expense records to ensure all deductions are accounted for and justifiable. 5. **Update Inventory Counts 📦**: Conduct a physical inventory count to match your records with what you actually have on hand, adjusting for any discrepancies. Stay proactive, and let’s make year-end a breeze! 🧾💼 #Bookkeeping #YearEndPrep #SmallBusinessTips #FinancialHealth #StayOrganized#911bookkeepers
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If you're facing errors in QuickBooks bookkeeping and need a cleanup for your small business, I can help guide you through correcting mistakes, reconciling accounts, and organizing your financial data. Let's discuss your specific issues to ensure accurate, streamlined records and efficient financial management. https://lnkd.in/gbjxxEBn #bookkeeping #acccounting #cloudaccounting #cloudbookkeeping #smallbusinessbookkeeping #invoicing #billing #bankreconciliation #accountspayable #accountsreceivable #inventorymanagement #financemanagement #incomestatement #balancesheet #financialreporting #errorfixing #financialanalysis #dataentry #cleanup #catchup #excel #realstate #virtualassistants #virtualbookkeeping #virtualaccountant #virtualbookkeeper #realstatebusiness
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🚨 QuickBooks is a powerful tool, but some advanced bookkeeping tasks require extra care to avoid costly mistakes. Here are some tasks that business owners should approach with caution: 1. Accrual vs. cash basis accounting 2. Handling journal entries 3. Correcting or deleting previous transactions 4. Tracking and allocating job costs 5. Payroll management 6. Sales tax 7. Inventory management and COGS 8. Transfers between accounts Accurate, up-to-date financials are the foundation of a thriving business. Let's make sure your numbers are working for you, not against you. . . . #QuickBooksTip #QuickBooksBookkeeping #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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🚨 QuickBooks is a powerful tool, but some advanced bookkeeping tasks require extra care to avoid costly mistakes. Here are some tasks that business owners should approach with caution: 1. Accrual vs. cash basis accounting 2. Handling journal entries 3. Correcting or deleting previous transactions 4. Tracking and allocating job costs 5. Payroll management 6. Sales tax 7. Inventory management and COGS 8. Transfers between accounts Accurate, up-to-date financials are the foundation of a thriving business. Let’s make sure your numbers are working for you, not against you. . . . #QuickBooksTip #QuickBooksBookkeeping #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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🚨 QuickBooks is a powerful tool, but some advanced bookkeeping tasks require extra care to avoid costly mistakes. Here are some tasks that business owners should approach with caution: 1. Accrual vs. cash basis accounting 2. Handling journal entries 3. Correcting or deleting previous transactions 4. Tracking and allocating job costs 5. Payroll management 6. Sales tax 7. Inventory management and COGS 8. Transfers between accounts Accurate, up-to-date financials are the foundation of a thriving business. Let’s make sure your numbers are working for you, not against you. . . . #QuickBooksTip #QuickBooksBookkeeping #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness
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🚨 QuickBooks is a powerful tool, but some advanced bookkeeping tasks require extra care to avoid costly mistakes. Here are some tasks that business owners should approach with caution: 1. Accrual vs. cash basis accounting 2. Handling journal entries 3. Correcting or deleting previous transactions 4. Tracking and allocating job costs 5. Payroll management 6. Sales tax 7. Inventory management and COGS 8. Transfers between accounts Accurate, up-to-date financials are the foundation of a thriving business. Let’s make sure your numbers are working for you, not against you. . . . #QuickBooksTip #QuickBooksBookkeeping #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness #smallbusiness #melbourneflbookkeeper #melbourneflaccountant #floridabookkeeper #floridaaccountant #absoluteaccountingservices
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🚨 QuickBooks is a powerful tool, but some advanced bookkeeping tasks require extra care to avoid costly mistakes. Here are some tasks that business owners should approach with caution: 1. Accrual vs. cash basis accounting 2. Handling journal entries 3. Correcting or deleting previous transactions 4. Tracking and allocating job costs 5. Payroll management 6. Sales tax 7. Inventory management and COGS 8. Transfers between accounts Accurate, up-to-date financials are the foundation of a thriving business. Let’s make sure your numbers are working for you, not against you. . . . #QuickBooksTip #QuickBooksBookkeeping #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness #AddisonBookkeeper #AddisonAccountant #IllinoisBookkeeper #IllinoisAccountant #FloraBookkeeping
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🚨 QuickBooks is a powerful tool, but some advanced bookkeeping tasks require extra care to avoid costly mistakes. Here are some tasks that business owners should approach with caution: 1. Accrual vs. cash basis accounting 2. Handling journal entries 3. Correcting or deleting previous transactions 4. Tracking and allocating job costs 5. Payroll management 6. Sales tax 7. Inventory management and COGS 8. Transfers between accounts Accurate, up-to-date financials are the foundation of a thriving business. Let’s make sure your numbers are working for you, not against you. . . . #QuickBooksTip #QuickBooksBookkeeping #BusinessBookkeeping #BusinessAccounting #Bookkeeping #Accounting #SmallBusiness #finance #Pittsburghbookkeeper #Pittsburghaccountant #Pennsylvaniabookkeeper #Pennsylvaniaaccountant #Pittroe #PittroeBusinessServices
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