Your Year-End Bookkeeping Checklist Is Here

Start 2025 Strong: Year-End Financial Prep Made Easy

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30 Minute Complimentary Assessment

As we wrap up 2024, ensuring your books are in excellent order isn't just about compliance – it's about setting your business up for success in 2025. At BNAS Bookkeeping, we understand that organized finances are the backbone of a thriving business. Here's your essential checklist to ensure you're ready for the new year.

🔍 Essential Year-End Tasks:

Reconcile All Accounts

• Match bank statements with your QuickBooks records

• Review credit card transactions

• Verify all accounts payable and receivable

Review Outstanding Invoices

• Follow up on unpaid invoices

• Consider year-end write-offs for uncollectible debts

• Plan collection strategies for 2025

Organize Tax Documents

• Gather W-9s from contractors

• Prepare 1099 forms

• Collect receipts for tax-deductible expenses

Inventory Assessment

• Conduct physical inventory count

• Update QuickBooks inventory values

• Document any write-offs or adjustments

Financial Report Review

• Generate profit and loss statements

• Review balance sheets

• Analyze cash flow statements

• Compare actual results with 2024 budget

🌟 Planning for 2025:

• Set new financial goals

• Create a realistic budget

• Plan for major investments or expenses

• Review pricing strategies

• Update financial policies

Need Expert Help? Don't let year-end bookkeeping overwhelm you. As a Certified Advanced QuickBooks Online ProAdvisor with over 15 years of experience, I can help ensure your books are accurate and ready for 2025. Schedule your free consultation today!