Year End Reminders

1. Reconcile vacation hours and dollars
2. Accrue for employer portion of payroll taxes
3. Reconcile retained earnings to your prior year financial statements
4. Reconcile the Statement of Indirects to the Income Statement
5. Review your accounting treatments of any unusual or onetime items that occurred during the year (deferred rent, etc.)
6. Watch your cutoff! (Accrued expenses, Prepaids, Etc.)

Comments are closed.