Get Ready for Tax Season: Preparing Your Company Books for Your CPA


Preparing your business books for your CPA (Certified Public Accountant) can help ensure that your financial records are accurate and up-to-date, making it easier for your CPA to file taxes and provide valuable financial advice.

“Good financial records are the foundation of a growing business,” commented Jennifer Scott, founder and CEO of HireEffect. “Properly prepared books help your CPA file your company’s taxes and set your business up for success.”

General Steps

year-end bookkeeping checklist coverHere are some general steps you can take to prepare your business books for your CPA:

  1. Gather all your financial records: This includes any receipts, invoices, or bank statements related to your business transactions, as well as information on major purchases and loan documentation.
  2. Reconcile your accounts: Go through your bank statements, credit card statements, and any other financial records to ensure that all transactions are properly recorded in your books. This will help identify any errors or discrepancies that need to be corrected.
  3. Organize your records: Create a system to organize your financial records, whether it’s a digital or physical filing system. Make sure that all documents are labeled and sorted by date and category.
  4. Review your financial statements: Check your income statements, balance sheets, and cash flow statements to ensure that they accurately reflect your business’s financial position. Look for any unusual transactions or patterns that may require further investigation.
  5. Address any issues: If you find any errors or discrepancies, correct them immediately. This will help ensure that your financial records are accurate and up-to-date.
  6. Communicate with your CPA: Once your books are in order, schedule a meeting with your CPA to go over your financial statements and discuss any questions or concerns they may have.

By following these steps, you can help ensure that your financial records are in good order and ready for your CPA. This can make the tax filing process smoother and provide you with valuable financial insights for your business.

Take advantage of our knowledge and expertise to prepare for tax time with our Bookkeeping Year End Checklist – your accountant will thank you later.

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