Year End Part Four: Business/Industry Specific Tasks

The end of the year is an excellent opportunity to take care of those tasks that are specific to your business or industry. Do you carry inventory? This is a good time to conduct a full physical count and make adjustments. Do you have payroll? Make sure to check the amounts you have reported to the state and federal authorities against what you are showing in your payroll system. The same can be said of any sales taxes you have collected and remitted. Double check your numbers. What other tasks does your business require?
Depending on your business, the end of the year may be a slower time that allows you opportunity to address those items on your task list that keep getting put off. Clean up old files on your computer and in your cabinet. Look through your subscriptions to determine if you are paying for things you aren’t using any longer. Delete old emails! Or, if you’re afraid that maybe someday you’ll need it, then archive it where you can retrieve it later. Good luck, Happy Holidays, and Happy New Year!

