The end of the year tends to be a festive time. A lot of time away from work, Christmas, New Year's, and seeing family. However, that doesn't stop the mind from thinking about the year end tasks that come from owning or working in a business. In the case of a company's books, there are five critical year end bookkeeping items that not only help a business forecast the upcoming year with accurate numbers, but also slide into the new year with relative ease.
It's no secret that tax season is coming, either. At the end of the year there tends to be a lot of talk around tax liability, 1099s, and meetings with CPAs regarding the tax plan. These critical bookkeeping items can help make these year end tasks more simple.