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Finances
Closing the year
Your financial year end will likely correspond to the calendar year, but at some companies and organizations it may be other times. That said you'll need to be ready to 'close out' the year with all the financial and reporting tasks. Especially if it's your first time going through this process, you'll want to work with your CPA, Bookkeeper and possibly your attorney to wrap up any tasks. There may be final reporting to local, state and federal entities that must be dated closed before the year end. Many of these closeout tasks will create reports used for tax filing in April.
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TASKS CARDS
Do First
You should complete the following tasks before proceeding to the current one.
Weekly Bookkeeping Review
Create a plan to review your books on a weekly basis. This may not be your favorite task, but knowing where your money comes from and where it is going will be critical to smooth operations and being able to respond in times of change. Most of the number crunching is easily automated with software, or your service will do it on your behalf. However, taking time to review the information and understanding it is the skill to be developed. If looking at the information in your books is hard to grasp, ask for help from your provider or someone at the college - such as one of our Entrepreneurs in Residence staff.
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Small Business Marketing 101: Using Email, Social, Video and More
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Don't stop now! Just pick the very next stage-card that resonates with your business and continue working on the correspondent tasks.
