Harvest has begun, that means that the year end is right around the corner. While you are waiting for the grapes to ferment, this is a great time to review your file to make sure that you are caught up with the bookkeeping tasks. If you do these now, you won’t have to scramble next year when you need to send the file to the tax preparer.
We call it the Preliminary Checklist because this gets the file ready for the year-end. There are additional tasks to be completed to officially close out the year.
One key task is completing what we call The Costing Book. We can start to lay this out, but it cannot be completed until several of the tasks on this list are completed. Please note that if you would like our assistance in completing The Costing Book, this Year End Preliminary Checklist must be completed before we will begin that step.
This video is an overview of each step. For some companion videos check out these quickies.
- How to clear old banking transactions
- How to clear old accounts receivable transactions
- How to clear old accounts payable transactions
This video (must be a Silver Club member to view) will show you how to find all the information. I will add more videos to show you how to do all of the steps. If you would like assistance, use this link to set up a coaching session https://QBWinerySolutions.as.me/Coaching