December Bookkeeping Tips to Close Out Your Financial Year Strong

The final month of the year is the most important one for bookkeeping. Whether you're running a retail shop, a contracting business, or a service firm in Woodland Hills, now is the time to clean up your books.

1. Reconcile All Bank & Credit Card Accounts

Make sure every transaction is categorized properly.

2. Review Accounts Receivable

Send reminders to late-paying clients before year-end.

3. Double Check Expense Categories

Accurate categories help maximize deductions and reduce audit risk.

4. Update Mileage Logs

Mileage is one of the most commonly missed deductions.

5. Store Receipts Properly

Digital storage is fine—just make sure everything is accessible.

Doing this now means less stress during tax season and more accurate financial reports for January.

Need a year-end bookkeeping cleanup? We help small businesses throughout Woodland Hills, Encino, Tarzana, and Los Angeles start the new year organized.