Review Profit & Loss Statements
The Question Where does My Business Stand? Reviewing Monthly Profit & Loss Monthly helps you look for trends and cash flow concerns so you can project for next chapter in your business or project for next year or even predict a budget. Reconciling outstanding accounts receivables and account payable allows you to see these. Where as Numbers Don't Lie.
Review Bank & Credit Terms
Q4 is a Great time to negotiate better bank, interest and credit terms. Also confirm which employees who have access to which accounts and credit cards as well as assign a successor, just in case one is needed.
End of Year Purchases
You may be able to write off most or all of business related purchases. If you're considering machinery or equipment purchases, or just office supplies. Ask your accountant what you'll be able to write-off.
Prep 1099's
Verify contractor information such as names, addresses and ID numbers (SS# or TIN#). Begin prepping those 1099's for any vendor and contractors you paid $600 or more this year.
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Holl Bookkeeping & Tax Services Inc. provides you with Respectable and Certified Bookkeeping Services that you demand. The services we offer meet a wide range of both corporate and personal needs. After working with us, you’ll be able to leave your accounting worries behind and get back to focusing on the things that matter most in your life.