Year-End Cleanup for Tax Time Course
10 steps for year-end bookkeeping to get ready for taxes: clean up QuickBooks, reconciliation, inventory, depreciation, analyze reports, and close the books.
Year-End Clean Up in QBO Taxes Course Description
Tax time approaches! We’ll show you the 10 steps you need to do to get your books ready for your accountant to do your taxes. Not only will you close your books, but we’ll show you how to analyze your business to help it grow next year. Who are your best customers? What are your best sellers? Who owes you money, and who do you owe? We’ll customize your reports and memorize your favorites for future use.
What You’ll Learn
- Steps to take at year end to make sure your books are right
- Categorizing Expenses
- Reconciling bank accounts
- Closing out Opening Balance Equity and Owner’s Equity
- Running your P&L and Balance Sheet
- Taking Inventory
- Closing the books
- Making backups
Beginner to Advanced
2 CPE, Certificate of Completion
Field of Study
Who should take this class?
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Refunds & Cancellations
Royalwise is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Course Updated: December 2021
Here is the course outline:
1. Download the Handout
Download the handout that goes with the course.
2. Year-End Cleanup for Tax Time
Tax time approaches and it's time to Spring Clean your QuickBooks so that you can have confidence in your data before you give it to your CPA! Here are the tools created for bookkeepers to make the job easier.
3. 10 Step Cleanup
Let's look at the 10 steps you need to do to get your books ready for your accountant to do your taxes. Not only will you close your books, but we’ll show you how to analyze your business to help it grow next year.
4. Take the Quiz
Take this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points!
The following certificates are awarded when the course is completed:
|Royalwise Credit Certificate|