How To Close Out 2024 Financially Strong

Are your finances ready for the new year? Episode Overview: In this episode of The Candy Valentino Show, we’re sharing a step-by-step checklist to help you close out the year financially strong. From balancing your books to preparing for tax season, these essential actions will set your business up for a seamless transition into 2025. Key Points:  Close Out Invoices: Ensure all outstanding invoices are collected, and incoming payments are settled to maintain accurate financial records. Pay Outstanding Bills: Clear any remaining debts or obligations to start the new year with a clean slate.  Record All Expenses:Log every business expense to ensure your financial statements reflect the full picture. Reconcile Bank Accounts: Match your bank statements with internal records to identify discrepancies and confirm accuracy.  Verify Payroll Taxes: Ensure all payroll taxes are calculated and paid on time to avoid penalties. Check Employee and Contractor Forms: Review and verify W-2s, 1099s, and other necessary forms for accurate tax reporting. Conduct an Inventory Check: Perform a physical inventory count to finalize asset records and identify discrepancies.  Run Financial Statements: Generate and review your profit and loss statement, balance sheet, and cash flow statement to evaluate your business’s performance in 2024. The Candy Valentino Show Is Sponsored By:  ▶︎ Land Rover: Go to https://www.landroverusa.com/ The most desirable luxury SUVs ▶︎ Turbo Tax: https://turbotax.intuit.com/ ▶︎ WEBSITE | https://www.candyvalentino.com/ ▶︎Pre-Order My New Book: https:// www.9percentedge.com ▶︎ Grow Your Sales with our CRM: https://www.ProfitNow.io Learn more about your ad choices. Visit podcastchoices.com/adchoices

Om Podcasten

Candy Valentino has been scaling businesses before she could legally drink! Join her every Monday as she talks about wealth habits, business models, profit plans, real estate investing, and much more. Listen and learn as Candy talks to some of the most successful minds in the world like Tony Robbins, Daymond John, Ed Mylett and Amy Lacey. Hear lessons directly from Candy leveraging her 25 years of knowledge and experience. Why focus on becoming rich when the true goal is to become wealthy? And not just with your finances! It doesn't matter if you belong to Generation X, Y or Z. The Candy Valentino Show is for you! Let's start investing. For more, follow Candy @candyvalentino on all social media platforms and subscribe to her channel on YouTube to watch your favorite episode.