Pro Tips for Year-End

The Oakley Group

December 27, 2022

As the end of 2022 quickly approaches, we are here to help provide pro tips to make the year-end close that much easier for you and your business.

Our pro-tip #1 is to gather and organize all your workpaper support. Workpapers are supporting documentation that organizes and supports the financial information provided in management reports and statements. This includes but is not limited to, 1099’s, health insurance documentation, loan documents and statements, receipts for assets purchased, and more. Fortunately, working papers are primarily digital in 2022 which optimizes the process time and efficiency of preparation and review.

Our pro-tip #2 is to schedule a meeting with your Corporate Accountant. Although Corporate Accountants maintain companies’ financial systems year-round, it is imperative to review all financial data including verifying reconciliations and reviewing trial balances and statements. This meeting is to make sure all your financials and accounts are current.

Our final pro-tip #3 is to schedule a meeting with your CPA (Certified Public Accountant). During this meeting, you will receive tax planning advice and receive/review your needs list to file your taxes. If you are looking for a CPA, please reach out to us and we will connect you with a qualified and trusted professional.


The Oakley Group

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