Year-End Bookkeeping Checklist Before January Tax Season
The end of the year is the perfect time to prepare your books for tax season. By tackling bookkeeping tasks in December, you’ll start January with accurate, organized records – and save time and money when filing.
Why Year-End Bookkeeping Matters
- Ensures accuracy before January close
- Maximizes tax deductions
- Reduces CPA costs and filing stress
Year-End Bookkeeping Checklist
- Reconcile all bank and credit card accounts
- Review and categorize all expenses
- Send vendor 1099 info before January 31
- Verify accounts receivable and payable balances
- Review payroll and tax withholdings
- Back up financial data securely
- Close out inactive accounts or entities
How Outsourced Bookkeeping Simplifies Year-End
- CPA-reviewed reconciliations
- Flat-rate pricing for catch-up work
- Tax-ready reports for your CPA or tax preparer
Pro Tip: Catch Up Now If You’re Behind
- Up to 12 months cleaned in approximately 7 days
- Avoid January crunch and missed deadlines
Get Started
FAQs
What’s the most important year-end bookkeeping task?
Reconciling all accounts to ensure your books match your bank statements.
Do I need to send 1099s in December?
Collect vendor info now; 1099s must be filed by January 31.
Can I still catch up on 2025 books in December?
Yes – outsourced catch-up services can close months quickly before tax season.
