Here’s a quick checklist with details to help you stay organised:

1. Reconcile All Your Accounts

Compare your bank and credit card statements with your bookkeeping software to ensure all transactions are accurate and accounted for. Resolve any discrepancies now.

2. Organise All Your Receipts

Gather all receipts for business expenses, both physical and digital. Use a scanner or app to digitise them and store them in a cloud-based folder for easy access.

3. Review Invoices

Check for unpaid invoices and send reminders to clients. This helps improve your year-end cash flow and ensures you don’t leave money on the table.

4. Run Financial Reports

Generate your Profit & Loss, Balance Sheet, and Cash Flow statements to get a comprehensive overview of your business’s financial health. These reports are essential for tax preparation.

5. Prepare for the New Year

Use insights from last year’s data to set financial goals, create a budget, and plan for growth in 2025.

Knocking these tasks out now will make tax season a breeze and ensure you start the new year stress-free.

Need help? Get in touch, and we’ll make sure your books are in top shape! Cheers to a successful new year!