Close 2025 Strong: A Year-End Checklist for Small Business Owners
As 2024 winds down, it’s the perfect time to get your finances in order.
As 2025 winds down, it’s the perfect time to get your finances in order. A few practical steps now can make tax time and planning for next year much easier.
1. Reconcile accounts
Make sure every bank, credit card, and loan account matches your records. Unmatched transactions can hide errors or lost funds.
2. Review expenses
Check for missed deductions, miscategorized transactions, or recurring charges that can be reduced. Accurate expense tracking helps with planning and taxes.
3. Follow up on unpaid invoices
Collecting on outstanding invoices ensures cash is in hand as you enter the new year, improving cash flow and reducing stress.
4. Organize tax documents
Gather income statements, receipts, payroll info, and other necessary documents. Being organized now saves time and money with your accountant.
5. Set goals for 2026
Use your financials to plan budgets, forecast cash flow, and outline growth strategies. Clean books allow for smarter, data-driven decisions.
Even small businesses benefit from these steps. BookWise Bookkeeping helps you tackle year-end cleanup efficiently, so you can start 2026 organized and confident.
Don’t wait until tax season—get your financial house in order now.
BookWise Bookkeeping
Phone 314-325-2478
info@bookwisestl.com