Year-End Adjustment Savings
The right adjustments now can mean big savings later.
Before you close out the year, take a final look at your books with your CPA. Small adjustments—like recording depreciation or final expenses—can add up to major tax savings.
Why It Matters
Year-end adjustments ensure your financial statements reflect reality. They help align income and expenses for accurate reporting, which means you won’t overpay on taxes or miss out on deductions. QuickBooks Online makes it simple for your CPA to enter and document these changes properly.
The sooner these adjustments are made, the smoother your tax filing will be in 2026.
Adjustment Ideas to Review
- Record depreciation on business assets.
- Confirm payroll, bonuses, and benefits are fully recorded.
- Adjust for prepaid expenses and outstanding invoices.
- Ask your CPA to review adjusting journal entries for accuracy.
The Bottom Line
A few smart tweaks at year-end can save you thousands at tax time. The Best CPA in Chandler can review your financials and lock in your savings before December 31.
Need some help with your books? Call us at 480.747.3935 or set a time to talk with our CPA, Chris, at www.chrisbadulescu.com.
