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  • Writer's pictureBrian R. Schobel, CPA

Get Ready for Year-End Audits: Simple Tips


Hey Business Owners,


Year-end audits are around the corner, and being prepared can make all the difference. Here’s how to get your business ready in a few simple steps:


Quick Audit Prep Checklist


  1. Gather Your Financial Papers: Make sure all your financial documents, like bank statements, receipts, and invoices, are in order.

  2. Look at Last Year’s Audit: Check what auditors pointed out last year and fix those issues.

  3. Check Your Accounts: Make sure your bank accounts and records match up.

  4. Count Your Inventory: Do a year-end count to ensure your records are accurate.

  5. Review Your Assets: Got equipment or property? Make sure they’re correctly listed and valued in your books.

  6. Stay Tax Smart: Keep up with tax laws to avoid any surprises during the audit.

  7. Teamwork: Get everyone in your company on the same page about the audit.

Tech Can Help

Using accounting software? It’s a great way to keep things organized and makes audits much easier.


Conclusion


Audits might seem daunting, but with a little preparation, they can be a breeze. And if you need a hand, BRS CPA is here to help. We can guide you through the audit process and get your finances in tip-top shape.


Here's to a smooth audit season!

The BRS CPA Team Check us out:


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