Prepping your books for year end

Our first episode of Open Book: Discussions with a Backyard Bookkeeper. We talked with Julie DeLong, COO, about preparing your books for year end! Here are the 5 questions and points she answered/covered: 1. What is a short reconciliation checklist that you would recommend for businesses at year end? 2. What’s the most important thing to take care of for your 1099’s? 3. How can you figure out your estimated tax liability and how can a business owner prepare for that? 4. How do employee end of year bonuses work and how can a business account for them? 5. Talk about some of the year end procedures that businesses go through.