Michelle Gerac

Bookkeeping Year-End Checklist for Small Businesses:

Enter all transactions incurred for year. Reconcile bank accounts (ensure all transactions are cleared, reconciled, or voided if duplicate/incorrect). Review Account Receivable Aging Report and send statements to customers with open balances. Review open balances on Accounts Payable Aging Report. Review contractors paid and file 1099’s as necessary. Create Profit & Loss Report and Balance …

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