Business Owners: How to Close Your Books the Right Way

A successful business year deserves a strong financial finish. Closing your books properly ensures a smooth transition into tax season—and prevents costly mistakes later.

Here’s how to close your business year with confidence:

✅ Reconcile all accounts. Ensure your bank and credit statements match your books.

✅ Update payroll records. Verify W-2s and 1099s are accurate before filing deadlines.

✅ Review outstanding invoices. Follow up on unpaid balances and record any bad debt.

✅ Back up your data. Protect your records before you start fresh in the new year.

✅ Schedule your tax appointment early. Getting ahead allows time for strategic planning, not last-minute stress.

At VW Accounting Service, we specialize in helping small businesses stay compliant, organized, and tax-ready. Let us handle the numbers while you focus on growth.