Preparing for your business year-end can be stressful! Check out our recommendations for making the process more efficient. Part 2 to follow later this week!
Part 1: Plan Ahead
Keep these tips in mind during the year:
• Use a folder throughout the year to save/collect documents you know your accountant will ask for at year-end.
• If you are making or receiving electronic payments, note the customer or vendor’s name on your bank statement so it’s easier to reconcile later.
• If you have any unusual or significant transactions during the year, consider reaching out to your accountant right away for help rather than waiting until the year end to discuss.
