This is a companion video to the Year End Preliminary Checklist. Go here to find that post Year End Prelim Checklist.
In this video, I show how to clear out transactions that keep showing up, month after month. These must be cleared so that you have a realistic value for your bank balance. Often they are duplicate transactions, so that, for example, if you have a duplicate payment for some corks, that will make the cost of your wine too high.
This step could be done at any time, not just at the end of the year. If you make a regular habit of reviewing these lingering transactions, your file will stay tidy, clean, and accurate.
This video (must be a Silver Club member to view) will walk you through the steps. If you would like assistance, come to Office Hours or use this link to set up a coaching session https://QBWinerySolutions.as.me/Coaching