CPAs Package

Back-office accounting, tax preparation to save you time and money.

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Business Package

Reduce your monthly costs, get guaranteed quality and FAST results.

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Franchise Package

Know what each store is doing the NEXT day. Don't guess about your cashflow.

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Family CFO Package

Get all the perks of an in-house bookkeeping team for your Family CFO.

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End-of-Year Accounting

Indevia™ Accounting can help with your end-of-year accounting. Are you ready to close your books for the year? Indevia™ Accounting can help you clean up your bookkeeping in preparation for tax time.

A general checklist for year-end-accounting: 

  • Does my general ledger bank balance reconcile to the bank statement?
  • Are there any accounts receivables that are worthless and should be written off?
  • Is my balance in Allowance for Bad Debts a reasonable estimate of potential writeoffs?
  • Is the company’s inventory balance correctly stated?
  • Are there inventory items that cost more than their worth and should be written down to their market value?
  • Does the company still have all the fixed assets?
  • Is my depreciation correctly recorded for those fixed assets still in the company’s possession?
  • Did I amortize goodwill and franchise fees?
  • Are there any prepaid items that need to be adjusted such as prepaid insurance?
  • Have all assets been reviewed for accuracy?
  • Have we recorded all of our payables?
  • Do the payroll tax liabilities coincide with our quarterly reports?
  • Do the balances in the notes payable accounts (loans) agree with what the banks say we owe?
  • Are there other debts that have not been included on the books?
  • Are there debts on the books that no longer exist because of forgiveness or oversight?
By the Numbers: End-of-Year Accounting
Not many companies look forward to end-of-the-year accounting. In fact, make that none. It’s a long, laborious process with no room for error.... Read More