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Year-End Bookkeeping and Accounting Checklist for Small Business Owners

xendoo

Reviewing bank and credit card statements to confirm that they match. . Accurate records ensure reliable financial statements. Our online bookkeepers provide catch up bookkeeping services , so you can focus on the future. . Employees need this information to file their personal tax returns. . Form 1009-K.

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Grab the Documents

FraudFiles

If you have access to any bank, credit card, or investment accounts online, it’s advisable to go into the accounts and download all available statements and supporting documentation. Do it right away in case you lose access to that account later. Financial statements. Income tax returns.

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The Top 5 Benefits of Catch Up Bookkeeping

xendoo

The best practice is to consult your updated accounting software or financial statements, which provide insight into your true financial position. The financial statements report revenue, expenses, and profitability, all of which contribute to the Opening Balance. Get Your Books Caught Up with Xendoo.

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What happens if you get audited and don’t have receipts?

xendoo

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

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What happens if you get audited and don’t have receipts?

xendoo

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

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