"Behind every good business is a great accountant... and behind them is a trail of coffee cups and hilarious memes!" – Anonymous

Introduction:

Ah, the end of the year – a time of festive cheer, reflections, and... panicking over your e-commerce books. Fear not! Instead of drowning in numbers and regretting all those uncategorized expenses (like that questionable llama-themed office decoration), follow this guide to get your books sparkling clean. And don't worry, we've sprinkled in some laughs to make the process less taxing (pun intended!).

1. Reconcile All Accounts

Look at that bank statement. Now, back to your records. Now, back to the statement. Aren't they matching yet? Let's make sure they're twinsies before the new year!

• Cross-check bank statements vs. accounting records

• Identify discrepancies

• Update records to match

2. Review Your Inventory

Counting inventory can be like finding out how many licks it takes to get to the center of a Tootsie Pop. The world may never know... unless you actually count.

• Conduct a physical inventory count

• Adjust for obsolete/damaged items

• Update inventory records

3. Verify Accounts Receivable

For those clients playing hide and seek with their payments, it's time to say, "Ready or not, here I come!"

• List all outstanding invoices

• Follow up with pending clients

• Update or write-off old debts

4. Assess Accounts Payable

Going through outstanding bills is like finding leftover Halloween candy - some are treats, and others... well, nobody likes licorice.

• List all unpaid bills

• Prioritize and schedule payments

• Confirm entry into accounting system

5. Check Fixed Assets and Depreciation

Got a computer from the Stone Age or a desk on its last leg? It's time for the Great Asset Check!

• List all business assets

• Calculate yearly depreciation

• Update asset values in records

6. Evaluate Loan Balances

If your loan balance was a TV series, we’re aiming for a satisfying season finale, not a cliffhanger.

• Confirm outstanding loan balances

• Match records with lender statements

• Adjust for any discrepancies

7. Examine Expense Reports

Remember that impulsive purchase of 500 rubber ducks for "business purposes"? Let's make sure it's accounted for!

• Review all business expenses

• Categorize and validate each expense

• Correct any mistakes you find

8. Update Employee Information

We know Karen from Accounting changed her address 3 times, but who’s counting? Oh wait, we are!

• Review employee/contractor data

• Update addresses, wages, etc.

• Prepare year-end tax forms

9. Plan for Taxes

Meeting with a tax professional is like visiting the oracle – expect profound insights and maybe some confusing prophecies about deductibles.

• Consult with a tax professional

• Ensure all deductions are recorded

• Set aside funds for projected tax liabilities

10. Review Financial Reports

At last, the epic finale! Unveiling your financial reports should feel like a drumroll moment.

• Generate year-end financial statements

• Review for accuracy and completeness

• Adjust as needed for clarity and precision

Conclusion

If you laughed, chuckled, or even smirked while reading this, then we've made accounting a tad bit fun. Remember, a tidy book means a happy business and fewer surprise llama décor expenses next year!

Got a mess only a superhero accountant can fix? The Bookkeep Team, with capes flapping in the e-commerce wind, is here to rescue you! Don't let your financial woes be the meme of 2023.

Join the Bookkeep Team now, and let's clean up together!

Click the SUPERHERO to schedule a FREE consult on how to take all this off your plate!