Year End Part Four: Business/Industry Specific Tasks

November 29, 2023

The end of the year is an excellent opportunity to take care of those tasks that are specific to your business or industry. Do you carry inventory? This is a good time to conduct a full physical count and make adjustments. Do you have payroll? Make sure to check the amounts you have reported to the state and federal authorities against what you are showing in your payroll system. The same can be said of any sales taxes you have collected and remitted. Double check your numbers. What other tasks does your business require?



Depending on your business, the end of the year may be a slower time that allows you opportunity to address those items on your task list that keep getting put off. Clean up old files on your computer and in your cabinet. Look through your subscriptions to determine if you are paying for things you aren’t using any longer. Delete old emails! Or, if you’re afraid that maybe someday you’ll need it, then archive it where you can retrieve it later. Good luck, Happy Holidays, and Happy New Year!


October 14, 2026
Understanding Your Numbers Before Year-End
By Alexander R Li • September 18, 2026
Most of the time, your books are for you. They tell you what you earned, what you spent, and what you can count on next month. Every so often, though, someone outside your business needs to trust your numbers too. A bank deciding on a loan. An auditor with questions. An investor or a buyer doing their homework. In those moments, clean books stop being a convenience and become protection. The quality of your records is what stands between a routine process and an expensive problem.
August 14, 2026
Growth is the goal. More customers, more revenue, maybe your first few employees. It is exciting, and it is also the moment when many business owners discover that the way they have been handling their books no longer keeps up. The setup that worked when you were a solo operator doing a hundred transactions a month starts to strain when you are doing five times that with a team. The good news is that this is predictable, which means you can build for it before it becomes a problem.