So, it’s the new year. What can you do in your business to start the year off right?

Confirm opening balances are correct in your accounts.

There’s nothing worse than financial records that aren’t accurate because you’ll have the wrong impression of what’s going on with your business. That’s never good!

Here’s what to check at the start of the year:

– Bank and credit card balances match your actual statements

– Outstanding invoices and bills carried over correctly

– Loan and credit balances are accurate

– Owner or equity balances reflect last year’s activity

If you’re unsure whether your opening balances are correct or want help reviewing them, book a call and let’s make sure everything starts off right.

Remember, you don’t have to do everything in your business. A great accountant (like me!) can help.