Home / Year-End Bookkeeping Checklist for US Small BusinessesYear-End Bookkeeping Checklist for US Small Businesses A practical review list for gathering clear records before your year-end bookkeeping handoff.
Bank reconciliations Match each statement and document outstanding deposits and payments. Credit-card reconciliations Match purchases, payments, refunds and fees to each statement. Uncategorized transactions Resolve items with receipts and owner clarification. Duplicate transactions Check bank-feed entries against recorded invoices, receipts and payments. Owner contributions and draws Separate owner activity from business income and operating expenses. Accounts receivable Review unpaid invoices, credits and collections; ask about disputed balances. Accounts payable Review unpaid bills, credits and missing supplier documents. Inventory review If applicable, review counts and slow-moving stock; discuss valuation with your accountant. Fixed-asset records Gather purchase, disposal and supporting records for professional review. Loan balances Compare principal balances to lender statements and separate interest. Payroll records Match payroll summaries and related payments; refer filing questions to the payroll or tax professional. Contractor records Organize payee and payment records securely for review by your tax professional. Profit & Loss Review unusual balances and period completeness. Balance Sheet Review cash, receivables, payables, loans and owner equity. Transaction detail Prepare the agreed period detail and supporting schedules. Questions for your CPA or tax professional List unresolved treatments, tax questions and missing records; confirm applicable requirements with them. Secure document sharing Use approved secure channels and proper user invitations. Never share passwords. This checklist provides general bookkeeping information and is not tax, legal, audit, assurance, or investment advice. Tax requirements and filing decisions should be discussed with an appropriately qualified US tax professional.
The free call discusses scope and fit. It does not provide tax or legal advice.
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