Here’s Your Year-End Business Checklist

The end of the year is the perfect time to look back at what you’ve accomplished in the past twelve months. You and your team have put in a lot of hard work, and it’s time to give yourselves a pat on the back.

It’s also a good time to make sure you’ve taken care of everything to keep your business on track in the new year. Goal-setting is a big year-end task, of course, but there are many other important tasks that need to be done at least annually. I’ve created a checklist of items to help you get started.

Reconcile accounts receivable

Organize expenses

Analyze cash flow

Create end-of-year reports

Here are some key financial reports, and you may have others appropriate for your specific business:

  • Year-to-date actuals (actual numbers versus budget)
  • Year-to-date projections (what we think our actual numbers will be)
  • General ledger overview (a top-level look at all accounts)

Perform computer maintenance

Depending on your equipment, you may need to:

  • Run virus scans and anti-malware programs
  • Update operating system and software
  • Clean up your file directory on your computer

Update contact information

Verify you have current contact information for the following:

  • Employees
  • Customers
  • Vendors
  • Advisors

Update website information

Update social media profile information

Conduct physical inventory of business assets and equipment

Schedule holiday closures for 2023 on your business calendar

Consider any charitable donations you may wish to make before the year’s end

I hope these ideas for closing out the year are helpful to you. If you’d like additional information about any of these items, please reach out. 

If you would like to learn more about how this might apply to your business, let’s talk:

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