Year-End Accounting Essentials for Small Business Owners

Don’t wait until tax season to organize your business finances! Join guest speaker Shelly Prettyman on December 3rd from 11:00 AM – 12:00 PM for an actionable, step-by-step breakdown of year-end accounting and strategic planning. Learn how to close out your current books accurately, how to maximize allowable write-offs before December 31st, and strategies for cleaning up your financial reports. Leverage your numbers and make smarter decisions in the new year! Register today!

Learn and ask questions about:

Bank Account & Credit Card Reconciliation: Verifying that internal bookkeeping matches actual bank statements to eliminate discrepancies before closing the books.

Financial Statement Health Check: Reviewing key reports—Income Statement (P&L), Balance Sheet, and Cash Flow Statement—to evaluate full-year profitability and liquidity.

Vendor & Contractor Compliance (1099 Setup): Auditing vendor accounts, chasing missing W-9 forms, and flagging contractors who meet 1099 filing thresholds before January deadlines.

Maximizing Year-End Tax Deductions: Identifying eligible business purchases, technology upgrades, or retirement contributions to lower taxable income before December 31st.

Inventory & Asset Audits: Assessing physical inventory counts, writing off damaged/unsellable stock, and evaluating major equipment for depreciation write-offs.

Accounts Receivable & Payable Clean-Up: Tracking down overdue client invoices to collect outstanding revenue and settling remaining supplier bills.

Budgeting & Profit Projections for the New Year: Using current-year financial data to baseline next year's operational budgets, cash reserves, and revenue goals.

Tax-Ready CPA Handoff: Organizing receipts and categorization so financial files are structured cleanly for tax preparers, avoiding emergency accounting fees in the spring.