Closing the Books!

• Compare bank, credit card, and loan statements to the ending balances to confirm they are correct.

  • Make sure you are using the reconciliation tool in your accounting platform.

• Review spending by month to look for irregularities or inconsistencies.

• Review your A/R and A/P for any transactions more than 90 days old.

• Schedule a meeting with an accounting professional to get a second look.

Disclaimer: The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Jeffrey Kurtz CPA LLC to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact Jeffrey Kurtz CPA LLC prior to taking any action based upon this information. Jeffrey Kurtz CPA LLC assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.