Do you know if your business finances are ready for the end of the year?
Follow up question: do you even know what exactly you need to do in order to … well, BE ready for the end of the year?
You may not know what exactly you need to do to finish your 2020 finances, right?
You’re in good company… 40% of business owners say that bookkeeping is the WORST part of owning their business.
… which then makes it the easiest part of your business to procrastinate on.
(And the most terrifying part to deal with after it’s all piled-up at the end of the year!)
There’s a lot of things you need to do before we hit 2021, such as:
Reconciling all your bank and credit card statements for 2020
Collect on (or record received payment) for past due invoices
Gather up all of your receipts for the year
Double-check for and pay vendor bills that still need paid
I know, it sounds overwhelming, but Quickbooks has a great checklist at this link that will go a long way to helping you get started.
It’ll also let you know what parts you can take care of by yourself, and which of the year-end steps you’ll need your accountant for.
So if this sounds like you, first check out the list so you get an idea of what you need to get done in the last few weeks of 2020. (Maybe all you needed was a little step-by-step plan laid out so you can ace it on your own!)
But, of course, if you have any questions or need some extra help getting caught up before the year ends, just reach out.
We love to help keep you both current and stress-free, just like I do for my other clients!
Check the list out here:
Kerry Postel – Founder CEO Principal
Abacus Business Solutions
Has Higher National Diploma in Business and Finance, Certified in QuickBooks, Member of American Institute of Bookkeepers, and over 20 years of bookkeeping experience including construction, travel, restaurants, events management, and other various professional services.
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