10 Things To Do Now: The End-of-Year Checklist
Financial Review
Reconcile all accounts (bank, credit card, and loans).
Review profit and loss statements and balance sheets.
Identify any outstanding invoices or unpaid bills.
Separate personal and business expenses for accurate bookkeeping.
2. Tax Preparation
Organize receipts, expenses, and financial documents.
Confirm 1099s are ready for contractors (if applicable).
Review payroll records for accuracy and compliance.
Schedule a meeting with your accountant or tax preparer.
3. Inventory Check (if applicable)
Conduct a physical inventory count.
Adjust records for discrepancies.
Plan for end-of-year sales or clearance.
4. Budget Planning
Compare this year's budget to actual spending.
Create a budget for the upcoming year based on trends and goals.
5. Goal Setting and Business Planning
Review goals achieved this year.
Set SMART goals for next year.
Update or create a strategic business plan.
6. Technology and Tools
Back up digital records and data.
Review subscriptions and software for renewal or cancellation.
Update websites and social media with current information.
7. Legal and Compliance
Renew licenses, permits, and registrations.
Review contracts and agreements for necessary updates.
Ensure compliance with new laws and regulations for the upcoming year.
8. Employee and HR Tasks
Conduct performance reviews and set goals for the team.
Review benefits and make necessary adjustments.
Celebrate accomplishments and show appreciation.
9. Marketing Review
Evaluate marketing campaign results.
Plan promotional strategies for Q1 of the new year.
Update branding materials as needed.
10. Reflection and Gratitude
Thank clients, employees, and partners for their support.
Celebrate successes and lessons learned this year.
Plan a small gesture of appreciation for your team or clients.
