Bookkeeping: Month End and Year End Preparation
Every business owner knows that preparing month end and year end financials is important, but not everyone knows how to do it themselves. That's where bookkeeping comes in.
If you don’t have a bookkeeper, the below tasks can seem daunting and time consuming. It doesn’t have to be, you could hire out the service to a bookkeeping company like mine. This way you know your books will be taken care of and you will have one less thing to worry about.
Below are a few key items that need your attention each and every month. If you don’t have the time or you just don’t know where to start, please reach out. Leaving this very important part of your business until later really won’t cut it.
Contact us today for a free consultation: https://rcpenner.com/contact
Here are a few key tips to help you get organized
Month End Preparations:
• Start by reconciling your bank and credit card statements.
• Review your income and expenses for the month
• Compare your actual results to your budget
• Make any necessary adjustments
• Prepare your financial statements
Year End Preparations
• Record all Transactions
• Make sure your bank reconciliations are complete.
• Review your Financial Statements
• Check your AR and Invoices
• Check your AP
• Perform an inventory count
For Bookkeeping Services Contact us at: https://rcpenner.com/contact
Bookkeeping can be a daunting task, but our team of experts are here to help you every step of the way. We'll make sure your books are in order so you can focus on what you're good at - running your business.
Not only will we take care of all your bookkeeping needs, but we'll also provide you with insightful monthly and yearly reports so you can track your progress and see where your business is headed. Let us help you take control of your finances and achieve success.
Contact us today at https://rcpenner.com/contact , and will have you set up and running in no time.
As always thank you for taking the time to read my blog.
I truly hope it has helped.
Sincerely,
Rebecca C Penner CPA, CGA