Your year-end checklist
An hour in January can save your accountant a day, and you their bill for that day. Here's the order that works.
- Check the last receipts. Anything still waiting to be checked gets done first.
- Add December's statements. For every bank account and card. Answer the questions about anything that wasn't recorded.
- Chase what customers still owe you. Send reminders, and record payments that came in.
- Count what's left over. Any cash on hand, and the odometer readings for your vehicles.
- Note the big things. Equipment or vehicles you bought or sold, loans you took out, and anything unusual. Your accountant needs to know.
- Make the year-end file. In PeaceBooks, Settings › Year-end file. Choose who it's for (an accountant, an accountant who uses QuickBooks, or TurboTax if you file your own).
What's in the file
A summary of the year (income statement, balance sheet and notes), every record in a spreadsheet, the full double-entry journal for your accountant, every receipt photo named by date and store, and your mileage log if you keep one.
Or let them in
Your accountant can sign in to PeaceBooks with their own email and see everything, in advanced mode with the accounting words they use. Settings › People with access.
This is general information to help you keep good records, not tax or legal advice. Your accountant knows your situation; check with them before a big decision.
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