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QBO Video Courses

Year-End Cleanup for Tax Time Course

For someone else
Alicia Katz Pollock
For someone else
Purchase for $74 or enter access code

10 steps for year-end bookkeeping to get ready for taxes: clean up QuickBooks, reconciliation, inventory, depreciation, analyze reports, and close the books.

After completing this course, you will be able to: 

  • Identify incorrectly categorized transactions and the steps to correct them
  • Recall the steps to confirm that bank balances are accurate
  • Recall the tasks to close out owner equity
  • Identify the steps to adjust inventory totals for the year
  • Identify which Reports to run for business analysis and taxes
  • Recall the year-end closing actions to perform on your file

You’ll Learn About:

  • Steps to take at year end to make sure your books are right
  • Identifying incorrectly-categorized transactions
  • Using Reclassify to re-categorize expenses in bulk
  • Reconciling bank accounts correctly and using the reconciliation process to troubleshoot inaccurate transactions
  • Updating Inventory
  • Closing out Opening Balance Equity and Owner’s Equity
  • Creating Depreciation entries
  • Running your P&L and Balance Sheet for your tax preparer
  • Running sales analysis reports to prep for next year
  • Closing the books
  • Making backups


Instructional Level


Course Length

2 hours

Course Credits

2 CPE, Certificate of Completion

Field of Study

Computer Software & Applications

Delivery Method

Group Internet

Who should take this class?

  • Business owners and employees preparing their QBO file for taxes
  • Bookkeepers and Accountants who want to make sure their clients’ QBO files are accurate before filing taxes


  • Our “QuickBooks® Online Fundamentals” live class/webinar, or
  • Our "QuickBooks® Online Fundamentals” On-Demand video course, or 
    Real-life experience using QuickBooks.

Advance Preparation



Preview this course:

Get a sneak peek of what's inside this value-packed training. Watch the brief video below to explore the topics we'll cover and see the quality of content you can expect. Your journey to mastering the material starts here!


Course Description

Wave goodbye to that year-end stress and brace yourself for a tax season as smooth as a freshly brewed latte. If you're a business owner, accountant, or bookkeeper, you know that 'Year-End Cleanup' isn't just a catchy phrase—it's practical, hands-on training that helps you get your books in order and sets you up for a smoother tax season. Trust me, you'll thank yourself later.

Imagine submitting your financials to your accountant without the beads of sweat collecting on your forehead, or the nagging fear that you've misplaced a decimal or two. We don't just throw a checklist at you; we equip you with a toolkit of skills that are indispensable. From reclassifying those rogue expenses that have wandered into the wrong category to reconciling your bank accounts so accurately they'd make a Swiss watchmaker jealous—consider these challenges tackled.

Remember that tax penalties and discrepancies can do more than ruin your day; they can ruin your reputation. In this course, we'll dive into the intricacies of closing out owner equity so securely, you could call it a financial Fort Knox. No more sleepless nights worrying about the stock that magically disappeared from your inventory; we'll guide you through adjusting those year-end totals like a pro.

And it doesn't end there. Beyond just getting you through the tax season, this course sets you up for the year ahead. Analyze who’s been filling your coffers and what’s flying off your shelves. We help you dissect your Profit & Loss and Balance Sheet to not just understand your business but to strategize for future success. Want to know who still owes you money before the ball drops on New Year’s Eve? We’ve got you covered. Want to ensure you're not the one left owing? Even better.

One of the class highlights? You'll be customizing and memorizing reports like they're your new favorite playlist.

So, if you're ready to turn the annual dread of tax season into a celebration
of business acumen, you don't want to miss this class 

Say yes to a year-end that rings in not just a new year but a new level of business prowess. Unlock a new era of financial mastery this tax season and turn the page to a stress-free tax season!



Learners rave: Find out why people love this course.

Discover the overwhelming praise as past learners share their experiences with this course. See all the reviews by clicking the 'Reviews'  tab near the top of this page.


Watch it again later

You'll have lifetime access to the on-demand course including all handouts and class material. You'll also be able to ask questions in the Q&A forum and get answers, even years later. You can pause, rewind, speed up, and watch again and again as you apply what you learn to each situation as it crops up.


Want this course for FREE? Unlock this course & more for no extra cost with an OWLS Membership!

Get instant access to ALL of Alicia's QuickBooks courses for FREE when you become a silver member - it's the perfect way to maximize your learning!

OWLfred says, "Silver membership pays for itself in just two courses per month!"


Refunds & Cancellations

Please view our Terms of Service, for information on refunds, cancellations, and complaint resolution. To request a refund, please contact us.


Royalwise Solutions Inc. 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:


Course Credits: 2 CPE, Certificate of Completion. Must be awarded within one year of enrollment.

Course to be Updated: February 2024

Course Page Updated: February 2024

Here is the course outline:

1. Download the Handout

Download the handout that goes with the course.

Handouts: Year-End Cleanup Slides
10 Point Year-end Check List
Handout: Tie up the Year for Taxes 2023
Glossary of Terms

2. Year-end Clean Up for Tax Time in QBO (2024)

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.

Intro and Agenda
Why do a cleanup?
QBOA bookkeeping tools
Confirm your A/R
Confirm your A/P
Confirm your undeposited funds
Reconcile properly
Check all liability accounts
Review 1: Year End Cleanup
Categorize properly
Compare to previous year
Adjust inventory
Depreciation and amortization
Reset equity
Close your books
Analyze your reports
Make a backup
Review 2: Year-end Cleanup

3. 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!

Evaluation & Participation Survey
Quiz: Year-End Cleanup for Tax Time


The following certificates are awarded when the course is completed:

Royalwise CPE Certificate
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