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!


What to Prepare for Year-End Bookkeeping

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Understanding Financial Statements

October 10, 2025
A Guide for Business Owners Financial statements are the roadmap to your business’s financial health. Yet many small business owners see them as a mystery—numbers, charts, and terms that feel more confusing than helpful. The truth is, once you understand what these statements are telling you, they become powerful tools for making better business decisions. At LOV Bookkeeping, we help clients go beyond just “having the books done.” We make sure they understand what their numbers mean. Here’s a simple breakdown of the three key financial statements every business owner should know.

Keeping Your Financial Data Secure: Best Practices for Bookkeeping

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In today’s digital world, small businesses rely heavily on technology to manage finances. While this makes bookkeeping faster and more efficient, it also means sensitive financial data is more vulnerable than ever. A data breach or security lapse can lead to financial loss, compliance issues, and damage to your reputation.  At LOV Bookkeeping, we understand how important it is to protect your information. Here are some best practices to keep your financial data safe and secure.