Close the year with confidence. Work through each group below before your final meeting with Alder & Finch, and filing season becomes a formality instead of a fire drill.
Reconcile Every Account
Bank and credit card accountsMatch every statement balance to the books through December 31.
Loan balancesConfirm year end principal balances against lender statements.
Payroll liabilitiesTie W-2 totals to your payroll reports and quarterly filings.
Review The Ledger
Accounts receivableWrite off balances you will never collect and note any disputes.
Accounts payableEnter every unpaid bill dated in the closing year.
Fixed assetsList purchases and disposals so depreciation is captured correctly.
Owner transactionsFlag draws, contributions, and personal charges for reclassification.
Gather For Your Accountant
1099 informationCollect W-9s and totals for every contractor paid $600 or more.
Year end statementsDecember statements for every bank, loan, and investment account.
Major decisionsNote big purchases, new locations, or ownership changes made this year.
Every Alder & Finch client receives a personalized version of this checklist during year end planning. Ask us for yours.
Please note
The information on this page is provided for general reference and may change. It is not tax, legal, or financial advice and does not account for your specific situation. Confirm current details with the appropriate authority or speak with us before acting. We assume no liability for decisions made from this page.