It's time to talk about Q4.

I know, I know. It's daunting as heck to think about: taxes, wrapping up year-end, reports, taxes, the list goes on.

But enough excuses. It's time to get down to business.

Let's discuss how to prepare your business for a strong 2024 finish, but first, let's discuss some news!

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October 15th, 2024 is quickly approaching.
If you filed an extension, your deadline is here.

Now, let's get back to my tips for wrapping up Q4 so that this year ends on a high note, not a stressful one.

→ Review outstanding invoices

→ Plan out year-end purchases + expenses

→ Reconcile + Review

Collections + Outstanding Invoices

Reach out to clients with overdue payments to boost your cash flow before the year ends, making sure your books reflect what’s actually collectible.

Example email for you to reference for collecting.

Planning Expenses + Purchases

Identify any major expenses coming up, such as taxes, bonuses, or inventory purchases. Set aside funds now to avoid a cash crunch at year-end, and factor these expenses into your budget for a smoother Q4.

This includes making plans for things that are tax-deductible that you may want to purchase. It's a great time to...spend those profits! (On things you need, of course)

Reconciling + Reviewing

I'm sure you're tired of hearing me say 'reconcile' but honestly, there isn't a another option. It MUST be done.

Turn on some jams, get comfortable, and do the darn thing! When you walk into your tax appointment with less stress because you KNOW your numbers, you're going to thank me for harassing you via email.

As a thank you for subscribing, I'm offering a discount our Bookkeeping Tracker, which will help you ensure you're ready for year end!