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053 Year-End Bookkeeping Checklist: What to Review Before Moving Forward
Description
A year-end review is crucial for staying on top of your bookkeeping and preparing for tax season. Today I'm giving you actionable tips to wrap up the year confidently.
Here's what I'm covering:
How to deduct mileage to save money on taxes. Apps like MileIQ or QuickBooks mileage tracker can help.
What kinds of receipts and documentation you need to gather and how to categorize and organize them.
How to reimburse yourself for out-of-pocket business expenses.
Double checking all of your tax deadlines.
Conducting a financial review so you can flag anything unusual.
Setting measurable goals for the coming year. Look at your profit and loss statement to assess profitability. Identify areas where you overspent or underspent and set a sales goal for the new year based on this data.
If you need personalized help you know where to find me!
Here are the ways we can connect:
Reach me: https://erikamillard.com/contact
Learn: www.erikamillard.com
Email: connect@erikamillard.com
Instagram: @erika_millard
Mini Course- Get Comfy with Budgeting
https://erikamillard.com/budget
Get Comfy with QuickBooks
https://erikamillard.com/get-comfy-with-quickbooks
Don't forget to download the free Monthly Bookkeeping Checklist:
https://erikamillard.com/bookkeeping-checklist
Happy Bookkeeping!